Market listings growth has been steadily declining for the last year, with a peak year-on-year growth in listings seen in July last year. Growth in the regions could not offset large declines in both Melbourne and Sydney.
Market listings growth has been steadily declining for the last year, with a peak year-on-year growth in listings seen in July last year.
Growth in the regions could not offset large declines in both Melbourne and Sydney. All state capitals had a decline except for Canberra with an increase of 0.5 per cent year-on-year growth.
The last three months have seen a decline in listings brought on by extended increased interest rates slowing down house price growth and lowering the incentive for households to sell.
