This week’s Property Pulse looks at which suburbs have recorded the greatest number of property listings over the last months and tries to determine why.
For months now RP Data’s Property Pulse has been highlighting the fact that total advertised listings have been climbing nationwide, this week we look at the ten suburbs in Queensland that are recording the highest number of properties being advertised for sale during the last month.
Across Qld, only one suburb with the greatest number of properties being advertised for sale was found in Brisbane, Forest Lake, which is a recently developed suburb.
However, seven of the ten are located in South-East Queensland with four located on the Gold Coast and two on the Sunshine Coast. With Surfers Paradise, Southport and Labrador making the list it is unsurprising to see that these suburbs have a significant number of units listed for sale.
Meanwhile in newly developed areas of South-East Qld such as Buderim, Forest Lake and Upper Coomera, it isn’t a surprise to see a significant number of houses listed for sale.
Virtually all of the Qld suburbs detailed have recorded growth in median prices during the last 12 months, only Surfers Paradise units and Noosaville houses have seen a decline.
