National residential property listings increased in July by 3.8% from 301,140 listings in June 2020 to 312,680. Compared to 12 months ago, listings were down by 1.2%.
Nearly all capital cities experienced increases in property listings over the month except for Darwin which recorded a 1.4% decrease. 
The largest listings increase was in Sydney at 8.7% followed by Canberra with 6.4%.
Melbourne and Brisbane both recorded a 5.9% increase.
Adelaide and Perth experienced smaller increases of 2.4% and 3.2% respectively.
Year-on-year listings show more significant increases in Sydney and Melbourne at 10.7% and 20.7% respectively.
All other capital cities recorded declines over the 12 months.
Darwin especially recorded high declines of 21.4% and Hobart declined by 10.0%.
Stock on Market Table:
City
July 2019
Total
June 2020
Total
July 2020
Total
Monthly change %
Yearly change %
Sydney
29,055
29,590
32,165
8.7%
10.7%
Melbourne
34,646
39,494
41,819
5.9%
20.7%
Brisbane
31,038
28,814
30,500
5.9%
-1.7%
Perth
24,770
21,833
22,525
3.2%
-9.1%
Adelaide
15,876
14,756
15,108
2.4%
-4.8%
Canberra
4,226
3,917
4,166
6.4%
-1.4%
Darwin
1,965
1,566
1,544
-1.4%
-21.4%
Hobart
2,184
1,947
1,966
1.0%
-10.0%
National
316,391
301,140
312,680
3.8%
-1.2%
Commentary
It is somewhat abnormal to record a rise in listings during the winter months. Normally, falls are recorded.
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This could have been generated by the lifting in restrictions over May and June, enticing sellers to the market.
The year on year results for Sydney and Melbourne tell the story with significant rises, particularly for Melbourne.
Such a reading normally is associated with a weakening market and no question, this is what is occurring in our two largest cities. Dwelling prices are falling.
Not crashing to date, per se.
But in light of the unprecedented restrictions placed in Melbourne, our expectations are that more prices falls in can be expected in coming months.
Outside the two capital cities, the market is more balanced and indeed we are seeing an increase in demand for housing across regional Australia.”
Days on Market Tables:
July 2020
City
< 30 days
30-60 days
60-90 days
90-180 days
> 180 days
Total Listings
Sydney
13,085
4,688
2,530
5,735
6,127
32,165
Melbourne
13,906
6,543
3,545
8,253
9,572
41,819
Brisbane
8,193
5,057
3,079
6,137
8,034
30,500
Perth
5,198
3,235
1,867
4,016
8,209
22,525
Adelaide
3,998
2,207
1,352
2,824
4,727
15,108
Canberra
1,628
448
318
675
1,097
4,166
Darwin
166
100
64
175
1,039
1,544
Hobart
517
193
155
384
717
1,966
National
67,867
33,217
21,307
53,075
137,214
312,680
June 2020
City
< 30 days
30-60 days
60-90 days
90-180 days
> 180 days
Total Listings
Sydney
10,757
3,826
2,780
5,972
6,255
29,590
Melbourne
12,612
5,123
3,941
8,337
9,481
39,494
Brisbane
7,079
4,112
2,999
6,478
8,146
28,814
Perth
4,980
2,389
1,562
4,368
8,534
21,833
Adelaide
3,712
2,060
1,345
2,993
4,646
14,756
Canberra
1,156
446
427
618
1,270
3,917
Darwin
141
82
59
211
1,073
1,566
Hobart
385
236
176
450
700
1,947
National
57,363
28,072
21,851
55,535
138,319
301,140
July 2019
City
< 30 days
30-60 days
60-90 days
90-180 days
> 180 days
Total Listings
Sydney
8,360
3,607
2,858
5,902
8,328
29,055
Melbourne
10,034
3,996
3,399
6,751
10,466
34,646
Brisbane
6,730
5,068
3,716
6,782
8,742
31,038
Perth
4,671
2,849
2,928
5,663
8,659
24,770
Adelaide
3,939
2,321
1,566
3,507
4,543
15,876
Canberra
1,068
443
616
955
1,144
4,226
Darwin
204
135
112
314
1,200
1,965
Hobart
492
254
251
418
769
2,184
National
55,932
31,123
26,783
61,056
141,497
316,391
Asking Prices
Capital City average asking prices decreased by 0.2% for houses and 0.8% for units, over the month to 4 August.
Average unit asking prices are now at $565,800 and houses $983,900.
Compared to a year ago, the capital city asking prices posted an increase of 7.0% for houses but a 0.1% decrease for units. 
Over the month, Sydney, Melbourne, Adelaide and Hobart all recorded marginal asking price decreases in both houses and units, with Sydney recording the highest decline in unit asking prices of 1.0% and Canberra recording the highest decline in house prices of 2.0%.
However, Canberra’s asking prices for units increased by 0.6%, as did Darwin with a 1.0% increase.
Perth’s unit prices declined by 0.1% and house prices remained stable.
Brisbane was the only capital city to record increases in house prices of 0.3%.
Year on year, most capital cities were recording significant increases in house and unit asking prices with the exception of Darwin which experienced declines in house and unit prices of 3.1% and 2.2% respectively.
Sydney and Melbourne recorded 9.0% increase in house price growth as did Hobart with large increases of 11.5% in house prices and 21.7% in unit prices.
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