Strong growth for August listings

It was another improved month for buyer choice, as new listings grew 9.4 per cent across Australia in August.

August listing data shows how strong new listings were for this time of year, with many pundits calling an early start to selling season. While this year still has not seen listings rise to the levels seen last year, it appears the traditional spring selling season has begun early.

Month-on-month comparisons were favourable across much of the country, with Melbourne and Sydney reporting large growth in new stock levels.

All major cities saw growth from the month of July, a sign of just how strong the trend was nationally.

Typically, August and July are quiet months, with the first pick up in listings in September. This year it appears as though the spring selling season kicked off early. The second half of 2022 saw new listings remain flat and buyers will be encouraged that this is unlikely to be the case this year.

Regional Australia saw largely the same results, with some catching up left to do on last year’s low listings. August still saw improvement from earlier this year.

Regional Queensland is the biggest of the non-capital city markets, with the Gold Coast providing a large number of monthly listings. Like the capital cities, it appears the spring selling season has arrived early in many of the regional centres.

Ray White listing authorities (the point at which a vendor has signed to Ray White but the listing is not yet advertised) have largely held steady.

Authorities are seen as a strong lead indicator for future listings, with a lead of about a week before authorities become listings visible on the market. Authorities did not increase in August as they had in July, though new listings could still increase if more authorities are converted into published listings.

Read the full report for a capital city breakdown.