Listings Are Up 5.6% Compared To Last Year
Total property listings are now higher 5.6% higher than the same time last year, according to a new report.
The PropTrack Listings Report found that there has been an upswing in the total stock of properties listed in certain regional areas, particularly regional NSW, Victoria, and Tasmania.
The report expects the volume of new listings to remain subdued during the winter months. However, PropTrack believes that listings will start to rise as market conditions improve, due to steady auction clearance rates and continuous housing demand driven by low unemployment and resumed international migration.