More sellers emerging in Sydney property market
﻿11.1% more properties are on the Sydney property market than this time last year, signalling a potentially highly significant shift in the dynamic of the market.﻿ SQM Research, which produced this data, said that "the Sydney surge in listings is another indicator now suggesting that the Sydney housing market is now slowing". Australia's property market, led by major cities including Sydney, is thought by some to be in a bubble; this ac﻿celeration in property listings could be sign that a bubble in this market, if it does exist, is beginning to burst. 

The tables have turned in the Sydney housing market with more sellers looking to offload properties in September this year compared to a year ago, research group SQM Research said.

Property listings in Sydney rose 7.6 per cent in the month of September and increased 11.1 per cent compared to the same time a year ago.

"The Sydney surge in listings is another indicator now suggesting that the Sydney housing market is now slowing," SQM Research managing director Louis Christopher said.

Property listings in Sydney rose 7.6 per cent in September, and are up 11.1 per cent compared to the same time a year ago. James Alcock

"Buyers should now find there is a little more choice out there compared to earlier this year. Yet, I note that asking prices are still higher. I suspect vendors are not quite registering that conditions have changed somewhat since the white hot market of autumn."

Melbourne, on the other hand, had fewer listings in September this year compared to last year.