Sydney Sees Surge In New Listings
Vendors push to sell homes before the higher mortgage buffer.
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New home listings in Sydney have soared by 41% while Melbourne saw an 82% increase over the last month.
The rush comes as vendors scurry back into the market after lockdowns ended hoping to sell their property before the higher mortgage buffers come into effect, according to the latest SQM Research data.
The total listings jumped by 25.5% in Sydney during October to 29,183 – the largest monthly percentage increase on record. Melbourne lifted 25.1% to 41,265.
While October is traditionally strong for listings, SQM Research managing director Louis Christopher said this year vendors are looking to get ahead of any further slowdown in the market.
“This could be an indicator that sellers are looking to get out of the market before further macro-prudential tightening kicks in, and before we get an interest rate rise,” he said.
“I think buyer demand is still relatively strong, but perhaps it’s starting to come off a little, so if we were to see November recording a similar level of listings then I would be a little bit concerned.”
There is already an indication that listings are building momentum with SQM Research recording 1266 homes listed for auction in Sydney for the coming week and 1600 homes in Melbourne.
That figure builds off the 1144 homes taken to auction in Sydney and 1739 in Melbourne last week, according to CoreLogic.
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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
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2 House of Joy
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
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6. The Layered Interior
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