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The three-bedroom home at 5 Tilman Street, Burdell, is newly listed for sale for offers over $599,000. Picture: realestate.com.au
The Townsville property market is seeing a rise in fresh stock but buyers are still faced with 30 per cent less choice compared to a year ago.
The latest PropTrack Listings Report showed the number of new Townsville listings on realestate.com.au lifted 4.6 per cent in September.
Despite this bump in new stock numbers, Townsville recorded a 10.5 per cent drop in new listings compared to September 2023.
Total listings were also down with the report finding the number of homes for sale in North Queensland’s capital had dropped 0.6 per cent month-on-month in September and dropped 31.7 per cent year-on-year.
In wider regional Queensland, new listings increased 5 per cent in September and 8.5 per cent compared to a year ago.
Total listings were up 0.9 per cent month-on-month but down 6.9 per cent year-on-year.
Cameron Kusher, PropTrack director of economic research. Picture: Supplied
PropTrack director of economic research, Cameron Kusher said in Brisbane, new listing numbers continued to track upwards.
“Brisbane recorded its sixth consecutive month of annual growth in new listings, up 14 per cent, marking the highest volume of new listings for a September since 2018,” he said.
New Brisbane listings were up 14 per cent year-on-year.
Total listings were up 1 per cent for the month but down 1.6 per cent for the year.
Mr Kusher said across Australia, the lift in new listing volumes continued in September with all major capital cities and most other markets recording a year-on-year increase.
The PropTrack report showed nationally new listings increased 10.1 per cent in the past 12 months and total listings rose 6.5 per cent in the same time.
Of all the capital cities, Canberra saw the biggest annual jump in new listings (+19.8%) and total listings (+23.7%).
The home at 10 Tango Ct, Kirwan, is newly for sale for $495,000. Picture: realestate.com.au
Regional Queensland saw the biggest annual lift in new listings, up 8.5 per cent, while regional Victoria had the largest annual increase in total listings, up 19.6 per cent.
“Sydney, Melbourne, Hobart and Canberra have been experiencing strong new listing volumes for over a year, and we’re now seeing the other capital cities follow suit with vendors more prepared to bring properties to market,” Mr Kusher said.
“New listing volumes have now been higher year-on-year in Sydney for 15 consecutive months, in Melbourne and Brisbane for six consecutive months and in Adelaide and Perth for five out of the past six months.”
Mr Kusher said the lift in new listings was giving buyers more choice and leading to a rise in total listings, which were up 7.7 per cent year-on year in the capital cities and up 5.2 per cent in the regional markets.
“The strength in new listings and the rising volume of total listings is affording buyers more time in their purchasing journey and contributing to the slowing of price growth,” he said.
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