first_imgSQM Research managing director Louis Christopher.Brisbane’s auction success rate recovered to 54 per cent last week after nosediving to 33 per cent the previous week, according to CoreLogic.It’s still a weak result compared to the other mainland capitals, with Sydney and Melbourne averaging clearance rates of around 70 per cent.“Compared to May, we saw more homes being listed for sale,” Mr Christopher said. More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“At the same time, investors are retreating in the face of higher mortgage rates, which is helping to take some pressure off property prices.” Golf course home breaks record Mega price for modest home Chinese buyer’s offer too good to refuse The number of homes listed for sale rose in June, according to SQM Research.Compared to a year ago, national residential property listings were down by 3.3 per cent. While listings rose in most capital cities, big drops in Hobart and Melbourne pushed down the average across the nation. Listings activity in the property market is viewed as an indicator of market strength and future pricing. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Capital city asking prices also rose nationally, but fell in Brisbane, where higher stock levels contributed to downward pressure.The asking price for houses in Brisbane fell to $604,400 in June, while the asking price for units dropped to $382,100. Homes listed for sale rose in June, according to SQM Research.BRISBANE recorded the biggest rise in homes listed for sale in June, with more stock hitting the market in the city during the first month of winter. Residential listings jumped seven per cent to 31,002 properties in Brisbane, while nationally they rose three per cent, according to SQM Research.Managing director Louis Christopher said the data showed more properties were available for sale last month, helping to explain the downward trend in auction clearance rates.last_img

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