1 . Stock levels to continue to increase
While hot property markets are generally seen as a driver of listings , the reality is that there is a point that it can get too hot . Most buyers are subsequent sellers so when markets get too hot , there does tend to be a sense of nervousness amongst sellers that it is difficult to get back into the market .
The good news is that stock levels are up , and not just compared to last year but also compared to the previous year ( pre-COVID ). In fact , for listings , this is the strongest start to winter we have ever recorded .
While nationally this is the case , the gap between previous years varies across each state . Victoria , hit by rolling lockdowns , is only slightly above 2019 listings levels . This is likely to be the state that sees the biggest pick up in coming months .
DAILY LIVE LISTINGS - AUSTRALIA
11000 10000 9000 8000 7000 6000 5000
|
4000
11-Mar
|
18-Mar |
25-Mar |
1-Apr |
8-Apr |
15-Apr |
22-Apr |
29-Apr |
6-May |
13-May |
20-May |
27-May |
3-Jun |
10-Jun |
17-Jun |
24-Jun |
Source : Ray White Note : 28 day rolling total
2018 2019 2020 2021
5