New property listings surge across Sydney and regional NSW in February 2022

Home hunters in Sydney are spoiled for choice with new listings skyrocketing by more than 100 per cent in some suburbs. FIND OUT WHERE.

Sydney’s property market is in full swing with the traditionally busy autumn selling period set to be even busier, following the fastest start to the year for new listings in capital cities since 2014.

REA Group’s March 2022 PropTrack Listings Report, which analysed data from realestate.com.au, revealed in February new listings in Sydney surged 37.3 per cent month-on-month which is 13.2 per cent higher than a year ago.

The biggest month-on-month increases for new listings were in Berkeley Vale at 146 per cent, Lidcombe 122 per cent, Kingsford 121 per cent, Tahmoor 120 per cent and Rouse Hill 114 per cent.

Homes listings are through the roof in Berkeley Vale, such as this stunning house on Lakedge Ave. Photo: NSW Real Estate.

Total listings are also up in Sydney at 25.2 per cent month-on-month and 10.9 per cent year-on-year.

It was a similar story in regional NSW which has seen a 32.4 per cent month-on-month jump in new listings which are up 12.2 per cent on this time last year.

The total number of listings in regional NSW is up 14.3 per cent on January but remains down 18.3 per cent compared to this time last year.

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PropTrack Economist and report author, Angus Moore, said unlike during the Delta outbreak, the Omicron wave did not knock seller confidence.

He said the upcoming federal election could have a minor impact on listing numbers.

“It will likely be a temporary headwind but I stress it should be temporary,” Mr Moore said.

“Last election we saw a lot of property specific policies, but that doesn’t look to be the case this time.

“It has been a really busy time, we are seeing a lot of activity right around Sydney so that is good news for buyers in all parts.

“Our expectation is we will continue to see price growth, six to nine per cent growth across capital cities supported by buyer demand, but over time but we do expect growth to slow.

“The threat of rising interest rates later in the year could cool buyer demand.”

Sydney came third out of the capitals in the month’s new listing surge with Canberra leading the way at 44 per cent followed by Melbourne at 38.7 per cent.

However not all Sydney suburbs experience a boom in new listings.

Numbers were down month on month in Lane Cove and Austral by 61 per cent, North Ryde 57 per cent, Roselands 50 per cent and Box Hill 48 per cent.

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Originally published as New property listings surge across Sydney and regional NSW in February 2022