National residential property listings fell in December 2021 by 6.5% to 218,415 from 233,716 in November.

Fall PriceCompared to 12 months ago, listings dropped 20%.

Nationally, new listings (Less than 30 days) fell 29.5% over December, with 67,972 new properties added onto the market.

  • New listings are up 2.4% over the year.
  • Old listings fell 6.8% in December and were down by 49.5% over the year.

3d Image Of House With Graph FallingSydney, Melbourne, and Canberra have recorded the greatest falls in listings of 15.8%, 12.9%, and 15.9% over the month of December.

Over the year, property listings are trending downwards nationwide.

Compared to 12 months ago, national listings fell 20%, with the biggest falls in Brisbane, Adelaide, Canberra, and Hobart.

Capital city asking house prices rose 1.9% and units fell 0.2% over the four weeks to 4 January 2022.

Total listings

01

Nationally, new listings (Less than 30 days) fell 29.5% over December 2021 to 67,972 properties on the market, though they rose 2.4% over the year.

New listings fell the most in Sydney by 47.4%.

Over the year, new listings rose the most in Darwin by 26.2%, followed by Sydney and Perth and by 17.6% and 15.5%.

In a sign that older stock is clearing, property listings over 180 days dropped by 6.8% in December 2021 and they are down 49.5% over the year.

02

Asking Prices

  • Over the past 30 days to 4 January 2022, Sydney asking prices rose by 1.1% for houses and 0.4% for units.
  • Melbourne asking prices rose by 3% for houses and fell by 1% for units.
  • Brisbane asking prices rose by 4.2%  for houses and 2.6% for units.
  • Perth asking prices rose by 0.1% for houses and 1.2% for units.
  • Adelaide asking prices for houses rose by 4.3% fell by 0.5% for units.
  • Canberra asking prices for houses rose by 8.4% and 5% for units.
  • Darwin asking prices for houses rose by 1.7% and units fell by 1.1%.
  • Hobart asking prices for units fell by 0.4%.

03

Commentary

louis-ChristopherWhile 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.

Overall, there remains a shortage of listings at the national level.

As a result, vendors are in no panic at this point.

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.



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