Home hunters have loved a busier begin to winter amid a June listings blitz within the normally quiet month, in response to PropTrack knowledge monitoring property listings within the area.
This comes because the variety of properties on the market on realestate.com.au in Geelong was round 27 per cent greater in June in comparison with the identical month final yr.
Whereas complete listings throughout the area in June sat on a par with Might’s listings, the info exhibits a big increase from the variety of properties listed on the market in Geelong final month.
New listings have been up 6.4 per cent in comparison with Might and eight.51 per cent greater that the identical time final yr.
TOP 10: TOTAL LISTINGS BY SUBURB, GEELONG REGION
Sydney noticed the busiest begin to winter since 2015, with new listings up 1.3 per cent in comparison with final yr, in response to the PropTrack Listings Report, whereas Melbourne’s small bump in new listings (0.5 per cent yr on yr) noticed it attain its busiest begin to winter since 2012.
New listings in regional areas additionally picked up within the month, rising 2.5 per cent month-on-month in June to be 12.9 per cent greater than final yr.
PropTrack economist and report creator Angus Moore stated property markets round Australia
had a busy begin to the normally quieter winter interval.
“New listings nationally on realestate.com.au have been down 3.1 per cent month-on-month in June, reflecting the usually quieter winter interval,” he stated.
“Regardless of that, June was a robust month relative to typical situations. New listings have been 8.5 per cent greater than they have been on the similar time final yr, and it was the busiest June for brand new listings nationally since 2011.
TOP 10 SUBURBS: $500,000-$699,000 PRICE BRACKET
“The property market has had a robust first half of 2022.
“There was a brisk tempo of latest listings, with extra new listings nationally throughout the primary half of the yr than throughout any yr since 2015.
“Whereas situations are more likely to gradual somewhat as we proceed by way of the usually quieter winter interval, exercise has remained sturdy in lots of markets.
“Although promoting situations broadly have begun to mood after a really robust spring 2021 and
early 2022, basic drivers of demand stay robust, with unemployment low, wages
progress anticipated to choose up over this yr, and worldwide migration now returning.”
Greater than 1000 properties have been dropped at the market throughout the Geelong area in June, nearly 100 greater than in Might and near 200 greater than the identical time final yr.
Throughout the area, Armstrong Creek had essentially the most properties available on the market with 136, forward of 124 in Ocean Grove and 99 in Lara.
Exterior of the expansion areas, there have been 70 properties available on the market at Corio, 59 in Belmont and 57 every in Highton and Geelong (suburb).
TOP 10 SUBURBS: $700,000-$999,000 PRICE BRACKET