According to data released by the real estate analysis agency SQM, although the number of listings in most of the Australian capital cities fell year-on-year in December last year, Sydney and Melbourne increased by 13.8% and 30.5% respectively.
Traditionally, December is the low season for Australian property transactions, but the situation in December this year was different. After the relaxation of epidemic restrictions, a large number of sellers listed houses, leading to a sharp increase in the number of listings before the Christmas season in December.
In addition, the annual Australian real estate market is generally officially launched after Australia’s National Day, but this year may be earlier. The market expects that the number of listings at the end of January will increase substantially, and the market may perform well in February.
