Christmas lull sees property listings drop 20%

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on January 04, 2022 Fact Checked
Christmas lull sees property listings drop 20%

Despite the noise of auctions running hot, national residential property listings fell 20% in December compared to the same period a year ago.

SQM Research figures released Tuesday revealed national residential property listings fell in December 2021 by 6.5% to 218,415 from the 233,716 recorded in November.

Three key property performers through the year in Sydney, Melbourne and Canberra all recorded the greatest falls in listings of 15.8%, 12.9% and 15.9% respectively across the month of December.

Nationally, new listings of fewer than 30 days fell 29.5% over December 2021 to 67,972 properties on the market as the silly season appeared to take priority. 

Of this fall, capitals that saw the greatest decline were Sydney with a 47.4% reduction, followed by Melbourne at 40.9% and Adelaide at 37.4%.

Newlistings.JPG

Source: SQM Research

Managing Director of SQM Research Louis Christopher said while there was a significant surge in auction activity over December, total listings were down on a month by month and a year-by-year comparison.

"Sydney did record a surge in new listings when we take out the seasonality and compare against December 2020," Mr Christopher said. 

"Overall, there remains a shortage of listings at the national level and as a result, vendors are in no panic - indeed, they lifted their asking prices for the month.

"Unless we have a surge in listings for the start of the property season in February it is looking like a very soft landing for the housing market in 2022.”

Over the past 30 days to January 4, SQM Research detailed:

  • Sydney asking prices rose by 1.1% for houses and 0.4% for units.
  • Melbourne asking prices rose 3% for houses and fell 1% for units.
  • Brisbane and Perth asking prices rose 4.2% and 0.1% for houses and 2.6% and 1.2% for units.
  • Adelaide asking prices for houses rose 4.3% fell 0.5% for units.
  • Canberra asking prices for houses rose 8.4% and 5% for units.
  • Darwin asking prices for houses rose 1.7% and units fell 1.1%.
  • Hobart asking prices for units fell by 0.4%.

Seeking a change in scenery for 2022? Check out some suburbs tipped to grow across Brisbane, Melbourne, Sydney, Adelaide, Gold Coast, Sunshine Coast and Central Coast.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Lender
Advertised rate Comparison rate* Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval

VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
FixedMore details
USE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER

Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)

  • Make up to $20,000 additional repayments per fixed term
  • Redraw available – lets you access any extra loan repayments you’ve made
  • Choose to rate lock for 90 days (fee applies)
USE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER

Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)

  • Make up to $20,000 additional repayments per fixed term
  • Redraw available – lets you access any extra loan repayments you’ve made
  • Choose to rate lock for 90 days (fee applies)
VariableMore details
REFINANCE IN MINUTES, NOT WEEKS

Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)

  • No application or ongoing fees.
  • 100% free offset sub account.
  • Fast online application, approval in minutes not weeks.
  • Mobile app, Visa debit card, Apple and Google Pay
  • Refinance loans and variable rates only.
REFINANCE IN MINUTES, NOT WEEKS

Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)

  • No application or ongoing fees.
  • 100% free offset sub account.
  • Fast online application, approval in minutes not weeks.
  • Mobile app, Visa debit card, Apple and Google Pay
  • Refinance loans and variable rates only.
VariableMore details
ZERO APPLICATION FEES

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees
ZERO APPLICATION FEES

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees

Rates correct as of January 17, 2022. View disclaimer.


Image by Scott Webb via Unsplash

Disclaimers

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.

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Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

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