Property listings fall in March

Adam Smith 6 April 2016

Property listings fall in March

Residential property listings are down for the year across Australia, but one capital city has seen a huge uplift in properties for sale.

National residential property listings have fell across the nation in March, according to new data from SQM Research. Listings nationwide were down 0.8% for the month, to bring them to a 1.8% decline for the year. Canberra led the decline, with listings in the city falling 6.1% for the month.

But while listings for the year were down across the nation as a whole, several capital cities saw significant rises in the number of properties for sale. Sydney’s residential listings rose by 14.7% for the year, while Darwin saw a 5.9% increase and Brisbane saw a 3.3% rise.

Properties for sale were scarcer in Hobart, where residential listings fell 8.7% for the year. Melbourne also saw a decline, with listings falling 4.6% year-on-year.

With fewer residential listings on offer, property asking prices in Melbourne have seen a significant yearly rise. The average asking price for a house in Melbourne rose 12.4% for the year, to $735,800. By contrast, asking prices fell for houses in Perth and Darwin, declining 4.9% and 4.8%, respectively. Across the nation, the average asking price for houses was up 2.3% for the year, while the average asking price in capital cities rose 6.2%.

Source: SQM Research

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question