Sales activity is showing both residential and commercial searches for sales are trending upwards, with residential activity 15% higher than January 2020, and commercial 20% higher.
Residential rental searches have stabilized, though commercial lease searches have continued to trend upwards and now sit nearly 40% higher than January 2020.
Troublingly, new listings for both sales and rental properties are trending down – 2.9% for sales and 4.1% for rentals week on week. This time of year we would expect to see increases for properties listed for sale and if the downfall continues it will lead to higher asking prices.
Sales asking prices are gradually rising across the major markets, although the softening of the unit market can be seen emerging in the month on month percentage changes.
Demand for residential properties is stabilising at 40 points higher than the long term average, and rentals appear to be trending downwards slightly.
Overseas interest is generally stable, apart from interest from the United States which is showing an increase, and China which is trending downwards.
The combined data shows a stable and recovering market with indicators for an increase in house prices (not unit prices) due to lowered new listings.
Remember : this information shows high level trends and should not be used as a decision making tool for buying, selling or renting property. Good property decision making should commence with an analysis of your personal situation, and then detailed analysis of markets, suburbs and individual properties.
Residential property search activity – to purchase and to rent
Commercial property searches – to purchase (LHS) and to lease (RHS)
Residential demand – national (LHS) and by State (RHS)
Rental demand – National (LHS) and by State (RHS)
Author: Debra Beck-Mewing
Debra Beck-Mewing is the Editor of Property Portfolio Magazine and CEO of The Property Frontline. With over 20 years of experience buying property across Australia, Debra is a skilled property strategist and buyers agent known for uncovering tailored opportunities — from family homes to multi-use investments.
She has deep expertise in advanced strategies including renovations, granny flats, sub-division, and development. A Qualified Property Investment Advisor (QPIA®), licensed real estate agent, and holder of a Bachelor of Commerce and Master of Business, Debra combines strategic insight with hands-on experience.
Debra is the creator of the Property Smart Track System™ – a professional property buying system that enables buyers to select, assess and buy property independently in today’s market. She also leads Buy Like A Genius™, a premium end-to-end buyers’ agency service for busy professionals seeking expert property acquisition without the stress.
As a passionate advocate for greater transparency in the property and wealth industries, Debra is a sought-after speaker, author, podcast host, and participates on numerous committees including the Property Owners’ Association.
