Sydney, Melbourne house prices: Why rising home listings will not spark price decline

Already a subscriber?The number of houses listed for sale has more than doubled in some Adelaide suburbs compared to a year ago as more sellers take advantage of the strong demand and large capital gains in the past four years, new data shows.outer suburbs, while units for sale are surging in Sydney’s western district according to analysis by Nerida Conisbee, Ray White chief economist.

Adelaide’s outer suburbs Roseworthy and Virginia posted the sharpest increases in the number of houses listed for sale in the past 12 months, jumping by 181 per cent and 103 per cent respectively.Mount Barker, Angle Vale and Aldinga Beach, increasing by up to 85 per cent. In the unit market, listings have more than tripled in Tallawong in Sydney’s north-west, dominated by new town houses coming into the market, Ms Conisbee said.Box Hill, Parramatta, Quakers Hill and Pendle Hill jumped between 29 per cent and 91 per cent in the past 12 months.

In volume terms, a total of 154,700 individual property titles were transacted, which is 6.5 per cent higher than a year ago. “Further property price rises have stoked concerns about worsening affordability and seen a return of FOMO in locations with particularly limited supply.”

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