Bloomberg News

Australian Homes for Sale Jump 5.6% in September, SQM Says

October 06, 2011

Oct. 7 (Bloomberg) -- Australian properties listed for sale climbed 5.6 percent in September from the previous month, according to data from SQM Research Pty.

Homes listed for sale jumped to 383,287 in September from 362,793 in August, the Sydney-based research group said in an e- mailed statement. Listings surged 24.2 percent in September from a year ago.

The increase “was to be expected given the normal seasonal rise in listings that occurs this time of year,” SQM Managing Director Louis Christopher said in the statement. “Nevertheless, listings are well up on numbers recorded last year.”

Properties listed for sale in Melbourne soared 65.3 percent from a year earlier, the most among Australia’s eight capital cities. Listings in Sydney climbed the most since the previous month, rising 12.9 percent, SQM said.

--Editors: Andreea Papuc, Linus Chua

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net


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