Listings Lifting

It may seem like there has been little on offer for the past four years, but listings are finally on the way up.

According to realestate.com.au new listings in June are up nationally by 1.3% compared to the same time last year, and in the combined capital cities, there are 5% more listings to choose from.

It says new listing volumes have surpassed expectations, with monthly new advertised properties higher than the five-year average.

Data from Ray White shows listing authorities jumped 19% nationally over the past 28 days compared to the same time last year, Listing authorities are an indication that properties are being prepared for the market.

Year on year new listings are up 9.1% in Melbourne, 7.8% in Sydney, 6.5% in Hobart and 5% in Brisbane. In regional centres, new listings are down in all markets except regional South Australia which is up 8.2% year on year.