More homes hitting the market, as seller confidence grows
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More homes hitting the market, as seller confidence grows

It’s potentially good news for buyers, as low supply was a major element pushing prices higher last year

By Bronwyn Allen
Thu, Mar 21, 2024 10:17amGrey Clock 2 min

A low supply of homes for sale was a key factor pushing prices higher last year, in defiance of well-established historical trends in which home values always fall when interest rates rise. But the tide may be turning in buyers’ favour, with PropTrack data showing a 22 percent increase in new listings coming onto the market across the combined capital cities last month compared to February 2023.

Senior REA economist Angus Moore said the 22 percent lift was the highest increase in new listings across the capitals for the month of February since 2012. “Property markets in capital cities, Sydney and Melbourne especially, saw a strong start to 2024, with the busiest January and February since 2012 across the combined capital cities,” Mr Moore said.

“Supporting this busier start to the year … was strong demand, unemployment that remained low by historical standards, strong population growth, tight rental market conditions, and a more stable outlook for interest rates.”

The Reserve Bank announced on Tuesday that interest rates would remain on hold for a third consecutive month at 4.35 percent.

“Markets are no longer expecting a further increase in interest rates, with an expectation of cuts as soon as the second half of this year,” Mr Moore said.

The biggest increases in new listings were seen in Melbourne with 35.4 percent more homes for sale, along with Sydney at 33.6 percent and Canberra at 32.2 percent. There was an 8.5 percent increase in listings in Brisbane, and only a 2.1 percent increase in Perth and a 1.1 percent increase in Adelaide. Listing numbers dipped slightly in Hobart and Darwin.

There was a 7.8 percent increase in new listings across the combined regional areas, with last month’s volume broadly in line with the pace of activity that has been typical for the month of February over the past decade. The biggest increases in new listings were in regional Victoria at 12.8 percent, regional NSW at 12.2 percent and regional Tasmania at 9.8 percent. Mr Moore said that while new listings increased only 1.6 percent in regional Queensland, this was the first year-on-year increase in new listings recorded since August 2022.

Senior REA data analyst Karen Dellow said recent data from realestate.com.au’s Residential Audience Pulse Survey showed homeowners were feeling more confident to sell. The survey revealed that one in ten owners were contemplating selling their property when the survey was taken in January. Seller confidence has shot up, with 43 percent of respondents considering it a favourable time to sell, up from 34 percent last year.

“Western Australia has the highest seller sentiment, with 63 percent of respondents expressing optimism about the current market, marking a substantial 70.3 percent increase from last year,” Ms Dellow said. “NSW, Queensland, and South Australia have also witnessed substantial growth in seller sentiment over the past year, with NSW up 53.8 percent.”

Ms Dellow said the primary drivers behind increasing seller confidence were rising prices and growing buyer demand. More than a third of sellers anticipated further price rises in the next six months, the survey showed.

“Lifestyle changes, such as relocating to a different area or seeking a property with specific amenities like a pool or more space, were the primary motivations for selling. Downsizing ranked second, reflecting the preferences of Australia’s ageing population seeking properties better suited to their evolving needs.”



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Margot Robbie and Jacob Elordi star in an adaptation of the classic novel that respects the romance’s slow burn.

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‘Wuthering Heights’ Review: Emerald Fennell’s Emphasis on Longing

Margot Robbie and Jacob Elordi star in an adaptation of the classic novel that respects the romance’s slow burn.

By KYLE SMITH
Mon, Feb 16, 2026 3 min

The most 2026 element of the latest screen adaptation of 1847’s hottest novel, “Wuthering Heights,” is the scene in which Heathcliff repeatedly asks the young lady he’s undressing, “Do you want me to stop?” even as she writhes with lust, indicating an affirmative response is unlikely.

Previously understood as a notorious brute even by 19th-century standards, Heathcliff now exhibits signs of having earned perfect grades in today’s campus training modules.

There’s also a reference to septicemia, which is writer-director Emerald Fennell’s perhaps too-technical stab at explaining the nonspecific Victorian disease that afflicts one character.

Mostly, however, Ms. Fennell has done an admirable job of not modernising a dark and moody romance. If most of today’s filmmakers crave hearing, “This is not your mother’s (fill in the blank)” when adapting classic material, this pretty much is your mother’s “Wuthering Heights,” or at least one she will recognise.

Catherine Earnshaw, played with great soapy gusto by Margot Robbie, is still the same judgment-impaired social-climbing drama queen as ever, and Ms. Fennell frequently associates her with a rich, decadent red—the colour of the bordello—to suggest that she has unwisely traded her body for riches.

Ms. Fennell, who won an Oscar for writing the feminist parable “Promising Young Woman,” doesn’t bother suggesting that Catherine is a victim of society’s impossible expectations for women, which allows her to focus on the core story without intrusive mutters of disapproval for 19th-century mores.

The plot is a template for every Harlequin romance about a woman caught between a sexy beast and a languid but wealthy wimp.

Catherine, who lives with her frequently drunken father (Martin Clunes) on a struggling Yorkshire estate called Wuthering Heights, grows up with a wild, apparently orphaned boy adopted by her father after being found hapless in the street.

The boy at first doesn’t even talk, and seems to have no name, so Catherine calls him Heathcliff. As an adult, he is played by Jacob Elordi , an excellent match for Ms. Robbie, both in comeliness and star power.

The pair grow up best friends and even sleep in the same bed. The desperate attraction between them is evident to both, but Catherine has her sights set on a higher-status mate than this mere stable boy.

After much figurative and literal peering over the walls of the posh neighbouring estate, Thrushcross Grange, she twists an ankle and becomes a six-week houseguest of the gentleman who owns it, the wealthy Edgar Linton (Shazad Latif). He lives with his ward, Isabella (Alison Oliver). Heathcliff, in agony, moves away without notice while Catherine marries Edgar.

Ms. Fennell has greatly streamlined the complicated plot of Emily Brontë’s novel, eliminating the framing device, the supernatural element, several peripheral figures and a second generation of characters.

Other adaptations have made similar excisions, and yet the latest version is luxuriantly long, fully half an hour longer than the much-loved 1939 film by William Wyler that starred Merle Oberon, Laurence Olivier and David Niven.

Ms. Fennell is a millennial who might have been expected to make the material slick, hip or at least fast; she has done none of that.

The story is a slow burn, as it should be, an extended sonata of moaning winds, crackling storms, smouldering glances and heaving bosoms. When you’ve got two actors as luminous as Ms. Robbie and Mr. Elordi, you don’t need them to say clever things, and they don’t.

Having simplified matters, Ms. Fennell sloughs off the psychological depth of the novel and instead lavishes attention on the heavy breathing and the decor, exhibiting much interest in the ornate mansion in which the Linton family lives (one room is set aside for ribbons only) and the costumes and accessories with which Ms. Robbie is gloriously draped.

Catherine essentially becomes a character in a Sofia Coppola movie who grows increasingly trapped and anguished in proportion to her cosseting. A slate of songs by Charli XCX captures Catherine’s tragic self-absorption without seeming jarringly modern.

The movie is very much aimed at female viewers, and Heathcliff (whose bare-chested form Ms. Fennell’s camera adoringly takes in) is less robustly drawn than in some previous iterations, driven mainly by carnal lust rather than a more all-encompassing rage.

Olivier’s demonic anger at the world came through clearly, whereas Mr. Elordi’s Heathcliff seems as though he’d be content to simply peel away Catherine from Edgar. And though Nelly (Hong Chau), Catherine’s maid and confidante, plays an essential role in developments, her character remains a bit frustratingly hazy.

Still, in the wake of adaptations such as 2012’s “Anna Karenina,” with Keira Knightley , and 2013’s “The Great Gatsby,” with Leonardo DiCaprio, that were all sizzle and flash, “Wuthering Heights” is a worthy throwback.

Deeply felt longing is its own kind of sizzle.

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