Stock levels pick up in November 2013

Iphone photos 17-10-13 091Stock Levels Pick Up in November

Figures released by SQM Research reveal that the level of residential property listings around the nation rose substantially during the month of November, with national stock levels increasing by 6.3% and coming to a total of 369,057. Year on year, stock is still down marginally, revealing a -2.4% decrease on a national level since November 2012.

SQM Research has observed that there are certain factors which need to be taken into account in regards to this monthly rise; firstly that there were five weekends during the month of November, rather than the usual four, and secondly – the issue of seasonality.

It is our  opinion where seasonality is concerned, that the “Spring Selling Season” has hit later in the year than usual, with a market uptick in sales listings – especially in Sydney which revealed a 12.8% monthly increase in stock levels during November 2013.

What must also be taken into consideration is that each capital city continues to tell its own story, rather than the national figure reflecting the state of the overall market as a whole. SQM Research stands by its forecast made back in September 2013: that Sydney would lead the way in terms of a house price recovery but that this would not necessarily be the case for all capital cities, particularly Canberra.

Indeed this house price recovery continues to be quite locality sensitive with Darwin going against the grain of all other cities (in particular Sydney), recording a 14.3% yearly rise in stock levels.

Managing Director of SQM Research, Louis Christopher says “No doubt, the disruption of the election in September created a lag effect in listings which is coming through now so it is no surprise listings had a large jump in November. Image

Advertisements

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
Aside | This entry was posted in ljgrealestate, Real Estate and tagged , , , , , , , , . Bookmark the permalink.