Market Essentials - October 2021

There’s a spring in the step of the real estate markets across the country as we head into October. As anticipated, new listings have increased across all capital cities over recent weeks. The largest number of new listings were seen in lockdown capitals Sydney and Melbourne.

CoreLogic reports that we’re experiencing the highest level of housing turnover for twelve years. Almost 598,000 house and unit sales were recorded for the year ending August 2021.

This is the highest number of sales since 2004 and a 42 per cent lift on the annual number of sales over the same period in 2020.