Stewart Darby - REIWA

All the numbers were a bit more subdued this week with sales coming off last week’s peak and listings growth slowing.

Total reported sales activity has remained virtually unchanged for three weeks with only minimal variations in house sales whilst the fall in multi- residential sales this week was replaced with a lift in land sales.

Unlike 2013 when reported sales increased steadily across October, activity in 2014 remains volatile with house sales up again this week by 11% to 619 but below the reported 635 a fortnight ago.

A second weekly increase in reported activity signals the seasonal lift in the market in October is underway which is also reflected in a healthy rise in listings.

Last week’s increase in reported sales was short-lived, with the AFL grand final, Royal Show and long weekend all conspiring to pull the week’s reported sales figure down to its lowest level since the end of July.