Homes

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<p><span>As Sydney hits winter, the total number of properties listed for sale in Sydney sits at 16,662.</span></p>
<p><span>That is lower than Melbourne (29,014), Brisbane (18,332) and Perth (19,479). </span></p>
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<p><span>Capital city </span></p>
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<p><span>No of new listings </span></p>
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<p><span>12 mth change (%) </span></p>
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<p><span>No of total listings </span></p>
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<p><span>12 mth change (%) </span></p>
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<p><span>Sydney </span></p>
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<p><span>6,889 </span></p>
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<p><span>-14.3% </span></p>
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<p><span>16,662 </span></p>
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<p><span>-24.6% </span></p>
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<p><span>Melbourne </span></p>
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<p><span>7,838 </span></p>
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<p><span>2.2% </span></p>
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<p><span>29,014 </span></p>
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<p><span>-10.0% </span></p>
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<p><span>Bris bane </span></p>
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<p><span>4,191 </span></p>
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<p><span>0.0% </span></p>
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<p><span>18,322 </span></p>
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<p><span>-1.7% </span></p>
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<p><span>Adelaide </span></p>
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<p><span>1,878 </span></p>
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<p><span>-11.0% </span></p>
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<p><span>7,637 </span></p>
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<p><span>-5.0% </span></p>
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<p><span>Perth </span></p>
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<p><span>3,857 </span></p>
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<p><span>-13.2% </span></p>
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<p><span>19,479 </span></p>
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<p><span>10.8% </span></p>
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<p><span>Hobart </span></p>
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<p><span>357 </span></p>
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<p><span>-19.4% </span></p>
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<p><span>2,789 </span></p>
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<p><span>-11.3% </span></p>
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<p><span>Darwin </span></p>
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<p><span>266 </span></p>
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<p><span>9.9% </span></p>
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<p><span>1,543 </span></p>
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<p><span>33.8% </span></p>
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<p><span>Canberra </span></p>
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<p><span>489 </span></p>
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<p><span>-5.4% </span></p>
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<p><span>1,904 </span></p>
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<p><span>-19.6% </span></p>
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<p><span>Combined capitals </span></p>
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<p><span>25,765 </span></p>
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<p><span>-6.8% </span></p>
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<p><span>97,350 </span></p>
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<p><span>-7.5% </span></p>
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<p><span style="line-height: 1.3em;">CoreLogic RP Data report the number of new homes being advertised for sale has fallen over the past week and so too have total listings which have fallen for the fourth successive week.</span></p>
<p><span>A similar trend can be seen across the capital cities where 25,765 new listings hit the market over the past four weeks which is -6.8% lower than at the same time last year.</span></p>
<p><span style="line-height: 1.3em;">The number of new listings is lower currently compared to the same time in 2014 across most capital cities. </span><span style="line-height: 1.3em;"> </span></p>
<p>Meanwhile, although capital city stock is lower than a year ago, it is being fuelled by a significant decline in listings compared to a year ago in Sydney (-24.6%) and to a lesser degree Canberra (-19.6%), Hobart (-11.3%) and Melbourne (-10.0%). </p>
<p><span style="line-height: 1.3em;">Total listings nationally are 4.8% lower than the number from a year ago while capital city listings are 7.5% lower.</span></p>
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<p><span>State </span></p>
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<p><span>No of new listings </span></p>
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<p><span>12 mth change (%) </span></p>
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<p><span>No of total listings </span></p>
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<p><span>12 mth change (%) </span></p>
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<p><span>NSW </span></p>
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<p><span>11,336 </span></p>
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<p><span>-11.5% </span></p>
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<p><span>51,385 </span></p>
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<p><span>-15.7% </span></p>
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<p><span>Vic </span></p>
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<p><span>11,169 </span></p>
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<p><span>3.9% </span></p>
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<p><span>56,373 </span></p>
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<p><span>-4.4% </span></p>
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<p><span>Qld </span></p>
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<p><span>9,720 </span></p>
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<p><span>-2.0% </span></p>
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<p><span>63,891 </span></p>
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<p><span>-0.7% </span></p>
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<p><span>SA </span></p>
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<p><span>2,700 </span></p>
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<p><span>-8.6% </span></p>
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<p><span>16,706 </span></p>
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<p><span>-0.3% </span></p>
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<p><span>WA </span></p>
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<p><span>5,336 </span></p>
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<p><span>-11.9% </span></p>
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<p><span>33,806 </span></p>
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<p><span>2.8% </span></p>
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<p><span>Tas </span></p>
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<p><span>916 </span></p>
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<p><span>-13.4% </span></p>
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<p><span>10,532 </span></p>
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<p><span>-3.0% </span></p>
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<p><span>NT </span></p>
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<p><span>360 </span></p>
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<p><span>15.8% </span></p>
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<p><span>2,074 </span></p>
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<p><span>35.0% </span></p>
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<p><span>ACT </span></p>
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<p><span>493 </span></p>
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<p><span>-6.5% </span></p>
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<p><span>1,953 </span></p>
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<p><span>-19.2% </span></p>
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<p><span>National </span></p>
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<p><span>42,030 </span></p>
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<p><span>-5.3% </span></p>
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<p><span>236,720 </span></p>
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<p><span>-4.8% </span></p>
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<p><span style="line-height: 1.3em;">Over the past four weeks there have been 42,030 newly advertised properties added to the market which is -5.3% fewer than at the same time one year ago.</span><span style="line-height: 1.3em;"> </span></p>
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jchancellor-FAypfDUnLy

Sydney's listing shrinkage: winter 2015 update

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<p><span>The Real Estate Institute of Western Australia has criticised the decision by the State Government to axe the First Home Owners Grant (FHOG) for established homes in this week's state budget, but welcomed the retention of the stamp duty exemption.  </span></p>
<p><span>REIWA president David Airey said being exempt from stamp duty for homes under $430,000 was a huge benefit to all first time buyers. </span></p>
<p><span>However first time homebuyers wanting to buy an established property have lost the $3000 First Home Owners Grant.</span></p>
<p>It comes after the FHOG was reduced for established buyers from<a href="/news/26482-friday-sept-27-news-" target="_blank"> $7000 to $3000 in 2013</a>.</p>
<p><span>The FHOG remains unchanged at $10,000 for those wanting to build their first home.</span></p>
<p><span>And stamp duty concessions for first home buyers of both new and established homes remain unchanged in this year’s budget.</span></p>
<p><span>Treasure Mike Nahan said the change was in line with the State Government’s policy objective of focusing financial support on residential construction.</span></p>
<p><span>But cutting the grant for first time buyers purchasing established homes will be a saving of about $109 million for the State Government over four years.</span></p>
<p><span style="line-height: 1.3em;">Mr Airey said the government’s argument that the FHOG policy was geared towards providing more housing was flawed, because Perth was currently oversupplied with dwellings.</span></p>
<p><span>“Supply is not the issue in WA, affordability is the issue and making it harder for first home buyers attracted to existing stock makes no sense,” he said.</span></p>
<p><span>Western Australia’s 2015-16 budget showed a significant write down in expected revenues again, largely due to the greater than expected fall in iron ore and oil prices.</span></p>
<p><span>With the state’s spending outlook little changed from the December MYEFO, larger deficits are now expected in the 2015-16 and 2016-17 years.</span></p>
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