Restrictions and economic impacts resulting from the COVID-19 epidemic dampened the activity of vendors in April, causing a downward trend in all capitals except Canberra, according to the latest market update from SQM Research.
Across the country, enrollment fell 4.9% over the month and 11.9% over the year. The available housing supply on the market was 292,775.
Of all the capitals, Canberra was the only one to report an increase in the stock of available housing, although marginal at 0.4%. However, on an annual basis, registrations at Canberra decreased by 6.8%.
Read also: Why Canberra is a safe bet for investors
Perth recorded the largest monthly decline in registrations with 8.4%. Sydney, on the other hand, recorded the largest annual decline of 19.4%.
The table below shows the number of dwellings available in each capital:
Louis Christopher, head of research at SQM Research, said the decline indicates that sellers had a hard time selling their properties during the month and that new sellers decided to postpone the listing of Their houses.
"With the lifting of certain restrictions during the month of May, we could see an increase in the activity of home buyers. However, many problems persist, such as rising unemployment and continued closure of the international border, "he said.
In terms of asking prices, the capitals recorded average gains of 0.7% for houses and 0.1% for dwellings in the last 30 days until May 5.
Of all the capitals, only Melbourne, Adelaide and Darwin were able to record increases in house prices and housing.
Top suburbs:
willliamstown
,
Torrensville
,
Westmead
,
st kilda west
,
geelong west
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