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Residential Property Listings See Pre-Christmas Boost

By Kevin Kelly

There was a rise in the number of residential property listings across the nation last month, SQM Research figures show, illustrating that strength is returning to the market.

The group found that none of the nation's capitals experienced a fall in stock, which managing director Louis Christopher believes could be a sign of what is to come.

"No doubt, the disruption of the election in September created a lag effect in listings which is coming through now so it is no surprise listings had a large jump in November.

"Plus, we also had five weekends during the month which added to our monthly counts," the expert said.

Data shows that total online residential listings increased 6.3 per cent in November compared to the previous month, which will no doubt be good news for anyone seeking real estate in Australind.

Western Australia registered an average performance, with its capital Perth seeing a 6.4 per cent rise in listings in comparison to October.

During November, a total of 20,405 properties were listed for sale, which is slightly less than the 21,926 recorded at the same time last year.

These figures suggest that the market is now starting to react to recent changes, such as the all-time low cash rate and the election of a new government.

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