An increasing number of Australian homes are available for sale, a new study shows.
Figures released by RP Data reveal there were a total of 279,605 house and apartment listings on the market at the end of June, with 50,854 of these being added during the course of the month, Property Observer reports.
Australia's capital cities - Canberra, Sydney, Perth, Darwin, Melbourne, Adelaide, Brisbane and Hobart - made up a significant proportion of these homes, with such locations accounting for some 48 per cent of national listings last month.
This time last year, however, a total of 217,442 properties were up for sale.
Figures from the organisation showed a slight drop in the number of new homes being advertised for rent, with this falling by 2.7 per cent in the four-week period ending June 26th.
A previous RP Data study showed that by the end of March, the median average price of an Australian property stood at $410,000 (£273,498), with this rising to $455,000 among the capital cities.
Posted by Ravin Chatlani
Figures released by RP Data reveal there were a total of 279,605 house and apartment listings on the market at the end of June, with 50,854 of these being added during the course of the month, Property Observer reports.
Australia's capital cities - Canberra, Sydney, Perth, Darwin, Melbourne, Adelaide, Brisbane and Hobart - made up a significant proportion of these homes, with such locations accounting for some 48 per cent of national listings last month.
This time last year, however, a total of 217,442 properties were up for sale.
Figures from the organisation showed a slight drop in the number of new homes being advertised for rent, with this falling by 2.7 per cent in the four-week period ending June 26th.
A previous RP Data study showed that by the end of March, the median average price of an Australian property stood at $410,000 (£273,498), with this rising to $455,000 among the capital cities.
Posted by Ravin Chatlani
