Listing numbers drop in Townsville property market
The Townsville real estate market is getting tighter with new data showing buyers are faced with far less choice than a year ago.
The Townsville real estate market is getting tighter with new data showing buyers are faced with far less choice than a year ago.
The latest PropTrack Listings Report found the number of new Townsville listings on realestate.com.au rose by 7.8 per cent in August however numbers were down 10.2 per cent compared to August 2023.
Total listings were down 2.7 per cent month-on-month and plummeted 32.9 per cent year-on-year.
The PropTrack report showed in regional Queensland as a whole, new listings were up 2.5 per cent in August but down 3.8 per cent for the year.
Total listings were also down, 0.9 per cent month-on-month and 9.9 per cent year-on-year.
Brisbane listings on realestate.com.au were down 4.1 per cent in August and almost stable across the past 12 months, shifting upwards just 0.1 per cent.
Total listings in the Queensland capital dropped 1.3 per cent month-on-month and 3.8 per cent year-on-year.
PropTrack director of economic research, Cameron Kusher said nationally, new listings were up 6.6 per cent for the month.
“In August, national new listings rose for the fourth time in the past five months, to be at their highest since May 2024,” he said.
“While national new listings were slightly lower than a year, ago, August marked the 14th month in which new listings were higher year-on-year in Sydney and the fifth consecutive month they were higher annually in Melbourne and Brisbane.”
Mr Kusher said the capital cities saw a 1.6 per cent rise in new listings year-on-year in August, while new listing volumes had lowered in regional markets, declining 4.7 per cent year-on-year.
“The ongoing strong new listings environment has resulted in more choice for buyers with total properties advertised for sale up 4.5 per cent in August from a year ago,” he said.
“While the strong volume of new listings and total listings properties for sale is an indicator of seller confidence, it remains a key contributor to slowing home price growth.”
Originally published as Listing numbers drop in Townsville property market