Property listings rose during early coronavirus social isolation

Property listings rose during early coronavirus social isolation

first_imgResidential property listings in Brisbane rose 3.9 per cent in March.Residential property listings in Brisbane rose 3.9 per cent in March, with jumps in every capital city during the early “work from home” social distancing campaign.Latest data from SQM Research found the average asking price had also risen “marginally” across capital cities, up 0.7 per cent for houses and 0.6 per cent for units during March. More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoNational residential property listings rose 3.7 per cent in March to 307,847 from 296,770 listings in February 2020.Tellingly, the result was a major drop on listings 12 months ago – down by 13.8 per cent.The biggest rise in listings came out of Darwin (15.6 per cent), Canberra (11 per cent) and Sydney (10.5 per cent). Brisbane saw a 3.9 per cent rise which was also seen in Adelaide, Perth was up 8.5 per cent, while Hobart had the smallest increase of 2.4 per cent.Sales activity was also down in March, Mr Christopher said, based on the 74 per cent rise in listings that had been on the market for between 30 and 60 days. FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: First look: Karl and Jasmine’s $3.6m Noosa retreat SQM managing director Louis Christopher said it was a sign vendors were yet to adjust expectations.“Residential property listings are starting to increase and accumulate. I note the surge of stock that has been on the market between 30 and 60 days. This may reflect the start of a capital city housing market downturn due to the health and economic impact of COVID-19,” he said in a statement. “I also note though the rise in asking prices for the month, so quite a number of vendors have not really adjusted their pricing expectations as yet.” This home has a floating bedroom above its pool Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Heir to Peabody fortune sells Brisbane trophy homelast_img

Leave a Reply

Your email address will not be published. Required fields are marked *