HOUSING BOOM & BUST REPORT - out 3 December!
Want to know the outlook for the Australian property markets in 2021?
Well Louis Christopher's 2021 Housing Boom & Bust Report is due for release on 3 December 2020.
As the nation works its way out of the worldwide pandemic and out of Australia’s first recession in 30 years, forecasting the property market will be difficult but the Housing Boom and Bust report will provide an accurate, impartial and detailed guide to the Australian property market in 2021.
Key features of the 2021 Boom & Bust report will include:
- Louis Christopher's personal take on the markets
- Capital city forecasts
- Main drivers of demand and supply at present and going forward
- All leading indicators such as stock on market, vacancy rates etc
- Nearly every city and regional postcode covered re: property stats plus ratings outlook
If you are interested in where the market is heading on a national level, then this is the report for you from one of the most accurate housing market forecaster in the country.
If you’re a real estate professional, financial planner or a regular mum and dad residential property investor, you will not want to miss this report, still only priced at $59.95. Click here to purchase your report.
PROPERTY LISTINGS DECREASED IN NOVEMBER
Melbourne Listings Continue to Increase
by Louis Christopher
Figures released today by SQM Research reveal national residential property listings decreased in November by 4.0% from 308,468 listings in October 2020 to 296,267. Compared to 12 months ago, listings were down by 12.6%.
All capital cities recorded decreases in property listings over the month with the exception of Melbourne which recorded an increase of 1.2% in listings.
Darwin, Sydney and Hobart posted the largest decreases of 6.7%, 6.4% and 6.1% respectively.
Brisbane recorded a 3.8% decrease, Adelaide 3.0% and Canberra 3.2%. Perth recorded the lowest decrease of 2.4%.
National year-on-year listings reveal a decrease of 12.6% with significant decreases in Darwin (28.2%) and Hobart (26.1%) and Adelaide (21.5%). Sydney recorded a smaller decrease of 0.7%. Melbourne however, recorded a large increase of 11.5%.Stock on Market Table
New Listings (30 days)
Nationally, new listings (30 days) increased by a 0.48% over the course of November with 381 more properties on the market. Darwin’s new listings increased by a significant 27.3%. Melbourne new listings increased by 4.1%. Sydney was the only capital city that recorded a decline in new listings.
There was a surprise decline in total listings for the month, which was predominantly driven by a decline in old listings. The fall in old listings tells me stock is being absorbed at a quicker rate than levels recorded earlier this year. It is a yet another signal that buyer activity is on the rise.
Capital City Average asking prices decreased 0.1% for houses but increased 0.3% for units over the month to 1st December. Average asking prices are now $565,800 for units and $988,500 for houses.
Compared to a year ago, the capital city asking prices posted an increase of 4.2% for houses but declined by 1.2% for units.
Over the month, Adelaide, Canberra and Darwin were the only capital cities to record asking price increases in both houses and units.
Sydney continues to record a decline in unit asking prices of 0.3% but recorded an increase of 1.6% for houses over the month.
Melbourne posted increases in unit asking prices of 1.4% but a 1.1% decline in house asking prices.
Perth and Hobart recorded declines in both house and unit prices over the month, 1.2% and 0.1% respectively for Perth, and Hobart declined 0.9% for houses and 1.4% for units.
Year on year, most capital cities recorded increases in house and unit asking prices with a significant increase of 19.2% in Hobart’s unit asking price. Darwin’s unit prices also increased by 13.4%. Sydney’s unit prices declined 5.2% over the 12 months but house prices increased 5.5%.
AUCTION RESULTS for week ending 29 November 2020
Full individual auction results can be found on our website:
AUCTION LISTINGS* for week ending 6 December 2020