Property Listings

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Listings are up 2.2 percent in Melbourne on this time last year, which is the only capital city to have more stock for sale than last April.

Darwin sees the biggest drop in overall listings, down by 35.9 percent according to CoreLogic.

Other cities aren't too far behind with Canberra, Brisbane, Adelaide and Hobart all down more than 30 percent in stock levels of private treaty listings.

Related article: <a href="https://www.urban.com.au/news/urbans-top-five-melbourne-apartments-with-5-star-hotel-amenities-for-sale-in-april-2021">Urban's top five Melbourne apartments with 5-star hotel amenities for sale in April 2021</a>

Perth is down 22 percent.

Sydney has the lowest stock dip, at 16 percent.

The chart includes house and apartment resale listings.

<img alt="" height="379" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cl_2021_cc_listings.jpg" width="644">

There are currently 83,000 property listings across the nation, which is 17 percent down on the same time last year.

The level of new stock, ie fresh offerings over the past four weeks, is not a consistent between the capitals.

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Related article: <a href="https://www.urban.com.au/news/vic/april-2021-the-top-5-two-bedroom-apartments-for-investors-in-melbourne-under-800000">The top 5 two-bedroom apartments for investors in Melbourne under $800,000</a>

Perth sees a 64 percent jump in vendors arriving in the market.

Melbourne, Darwin and Adelaide have also seen a spike in fresh listings.

Hobart has seen a contraction in vendors.
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April 2021 sees far fewer overall listings than the same time in 2020

jchancellor

Melbourne is the only capital city with more listings than last April: CoreLogic

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The number of national capital city established homes newly advertised for sale over the week ending February 7 surged by 11.5% compared to the previous week's total, according to Dr Andrew Wilson, chief economist at the property platform Archistar.

The latest data shows the national total new listings over 2021 so far have are now 7 percent higher than recorded over the same period in 2020.

Melbourne saw the biggest early February jump, up by 28.% followed by Sydney 15%, Adelaide 11.5% and Brisbane up 10%.

Dr Wilson noted newly listed home numbers for Perth however fell by 36% over the week clearly reflecting the impact of its recent coronavirus lockdown.

Melbourne also reported the most newly listed established homes for sale over the past week - 12.7% higher than Sydney’s total.

“Newly advertised listing numbers can be expected to continue to surge over coming weeks and track higher than last year’s results at the same time - particularly as the autumn home auction season gathers pace,’ Dr Wilson said.

“More listings will be good news for buyers offered more choices – but they can expect to pay higher prices in a hot market,” he added.

Archistar is an Australian property platform which combines architectural design with artificial intelligence to inform decision-making in property and is used by agents, developers, architects, government planners and homeowners nationwide.

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The latest data shows the national total new listings over 2021 so far have are now 7 percent higher than recorded over the same period in 2020

Property listings starting to rise

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GUEST OBSERVER
A swell in the number of listing this spring will bring positive changes to the property market.
House-hunters will already have noticed a rise in homes for sale earlier in spring than usual offering choice, better affordability and less pressure when it comes to finding a new home.
It has started to shift into a more traditional housing market along the eastern seaboard.
As listing slowly rise, we can expect price growth to still be above average but remain at a more sustainable level.
There won’t be a dramatic fall away of prices in markets such as Sydney and Melbourne where demand remains strong, however, we won’t see street records continuously being broken. 
Vendors need to be mindful we have enjoyed an extended period of incredible growth and may need to adjust price expectations. 
The media is still going to quote these spectacular sales results but I would suggest, that these are likely to become a bit more one off.  It will be home by home. Quality will still stand out.
Real estate that offers a "lifestyle" and that is well presented, requiring minimal updating, will be on the top of buyer’s wish lists and should fetch top dollar.
Even average agents have done well over the past two years but as we shift into a more traditional scenario where negotiations will be a key, it will be important for vendors to do their research. 
They need to ensure their agency has marketing plans and a good active database.
Proper preparation of a property for sale such as styling or minor home improvements on the advice of your agent could pay off in the current market.
Buyers typically come within the first two weeks of any marketing campaign. 
There is a risk that if vendors have unrealistic price expectations and turn down offers leaving their property for sale for an extended period, then the property will lag on the market. 
Changes to investor lending is anecdotally already starting to have an impact on the market.
They are being replaced by cashed-up buyers who previously missed out on purchasing either because of strong competition, price growth or lack of supply over the past 18 months.
Grant Harrod is chief executive officer of JL Hooker and can be contacted <a href="https://about.ljhooker.com.au/leadership-team" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Swell in spring property listings: LJ Hooker's Grant Harrod

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The marketing of an original 1950s Harry Seidler-designed Warrawee house as a "knock-down" opportunity has caused consternation on Sydney's upper north shore. 
Set on a 1,847 sqm Finlay Road block, it is an extraordinarily intact timewarp. Just look at those colourful kitchen cupboards, all very retro.
"The home has loads of character but is in need of a full renovation or knock down, rebuild and capitalise on this sought after location," the Savills Cordeau Marshall marketing suggests. It featured in the 1992 Harry Seidler: Four Decades of Architecture book with Exley House having been proudly photographed on its 1957 completion by Max Dupain. 
The late Harry Seidler, who arrived in Sydney in the late 1940s from Vienna via England, Canada America, was a student of Walter Gropius who pursued the industralisation of home building for mass housing. Seidler is considered to be one of the leading exponents of modernism's methodology in Australia, the first architect to fully express the principles of the Bauhaus in Australia.
The three bedroom home, with ensuite wing added later, has been listed by the Exley family for October 10 auction. <a href="https://www.realestate.com.au/property-house-nsw-warrawee-120753293" target="_blank">Agents Carl and Donna Ferris</a> are suggesting $1.8 million plus for the house built for Water Board engineer Cecil Exley.
Finlay Road is a special for architectural devotees as it also has the Evatt House, also known as Rickard House I, a seminal work in organic modern architecture, the first house designed by Bruce Rickard for his own family in Sydney. 
This article first appeared in The Sunday Telegraph.
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Concern over fate of Harry Seidler-designed 1950s Warrawee home

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Lend Lease lawyer Stephanie Rogers is looking for her next renovation project after listing her former whaler's cottage in North Sydney for sale with $3.2 million plus hopes.
The place has been through a two-year renovation. 
The property, <a href="https://www.realestate.com.au/property-house-nsw-north+sydney-120603289" target="_blank">41 Whaling Road</a> is on the market through Mark Jackson and Kellie McMillan at Belle Property.
The property has wide panelled Ironbark flooring and high-pitched ceilings, two original fireplaces and a kitchen which features Italian marble and granite.
The median house price for <a href="https://www.urban.com.au/property-observer" target="_blank">North Sydney</a> is $1,770,500, according to CoreLogic RP Data.
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Former whaler's cottage listed in North Sydney

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A five bedroom landscaped home in the Meelup Hill Estate in Dunsborough, Western Australia, has been listed for sale with $2.2 million hopes.
The <a href="https://www.realestate.com.au/property-house-wa-dunsborough-117010943" target="_blank">125 Endicott Loop</a> two hectare residence has been listed through Michael Mort at JMW Real Estate.
With five bedrooms, four bathrooms and study, the property has been constructed with a dam, flowing creek and scheme water. 
The house features an open fireplace in the living area and has elevated decked entertaining areas.
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Meelup Hill Estate home lists with $2.2 million hopes

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The retired politician turned author Peter Garrett and his wife, Doris have lowered the asking price on their 5.8 hectare Mittagong retreat, Rowe. 
The historic Queen Anne Federation cottage now has $2.95 million expectations rather than its initial $3.3 million plus through Drew Lindsay Real Estate agent John Renouf. 
Rowe Cottage was among the Mittagong Cottage Homes, established from 1885 by the State Children's Relief Board. 
The cottage has undergone extensive renovation since bought for $531,000 two decades ago. 
Peter and Doris are planning to spend more time up in Sydney at their newly acquired $2.7 million Paddington terrace, and possibly buy something smaller in the highlands. 
This article first appeared in the Saturday Daily Telegraph.
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Retired politican Peter Garrett lowers Rowe Cottage, Mittagong asking price

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SQM Research has calculated national residential property listings decreased in January by 2.9%, falling from 272,999 in December 2020 to 265,116. 

Compared to 12 months ago, listings were down by 10.5%.

All capital cities experienced seasonal decreases in property listings over the month except for Perth which had a 0.1% increase in listings.  

The largest decrease was in Melbourne of 4.7%.

Year-on-year listings also show larger declines for most capital cities with the exception of Sydney and Melbourne, both recording increases of 4.5% and 21%, respectively.

Nationally, new listings (over the past 30 days) decreased by a 24% over the course of January with 16,234 less properties on the market. 

Hobart’s new listings decreased by a significant 33.28%, followed by Canberra which decreased by 26%.  Sydney recorded the lowest decrease in new listings of 2%.

The month of January traditionally records falls in properties listed for sale as the market is still in a summer holiday mode. SQM’s Louis Christopher said.

“This year was no exception. 

“However, when we consider the number of new listings compared to January 2020, there was a material rise in nearly all cities.

“This finding is consistent with the observed early start to the auction market over January and February,” he added.
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Property listings decline in January: SQM Research

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The traditional Christmas property listing decline saw listings fall -7.9 per cent over December, down from 296,267 in November to 272,999, figures released by SQM Research show.

Sydney drove the decline, down -18.3 per cent, although their 26,038 total listings in December 2020 was 13.8 per cent higher than it was in December 19 (22,888).

Listings in Melbourne were a huge 30.5 per cent higher than in December 2020 compared to 2019. They have 39,475 listings on the market compared to 30,247 12 months ago.

New listings were unsurprisingly down by 17 per cent nationally in December, with 13,680 less new properties listed for sale.

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Sydney’s new listings decreased by 41.8 per cent followed by Melbourne which decreased by 27.1 per cent. 

Hobart was the only capital city that recorded an increase in new listings of 0.8 per cent.

Louis Christopher, managing director of SQM Research said it's no surprise to see listings decline at this time of the year.

“The month of December traditionally records falls in properties listed for sale as it is the start of the festive and summer holiday period," Christopher says, adding however that activity was strong all the way through to the last weekend before Christmas.

He said this was unusual and likely reflected a degree of catch up from the property inspection restrictions earlier in the year.

"Going forward I believe listings activity is going to remain strong in early 2021 but could weaken on the wind up of Job Keeper in March 2021.

"We believe Job Keeper has provided support to the market over 2020.”

 

 
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New listings were down by 17 per cent nationally in December, with 13,680 less new properties listed for sale.

Joel Robinson

Property listings tail off in December, but activity strong through to Christmas: SQM Research

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EXPERT OBSERVER
There's not been too much sign of forced selling in the housing market just yet, with new listings all but cut in half.
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Source: My Housing Market
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Resi construction is also forecast to all but dry up this year, with annual dwelling commencements tipped to dip below 100,000 over the coming quarters (UBS), which would the lowest rate of new supply since 'at least 1960' (h/t Scutty).
In fact, we're still seeing plenty of competition for the limited amount of new stock in blue chip areas, and even some examples of prices going above price guides.
It's extremely doubtful that's the case in outer suburban areas or regional hubs, though, as rising unemployment and underemployment begin to bite
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.
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