The number of property listings fell in most states in 2013, with Darwin and Sydney recording the biggest yearly change.
According to the latest figures from SQM Research, year-on-year property stock was down 4.3% nationally, with Darwin listings falling 19.8% and Sydney’s down 19.6%.
For the month of December the nation’s most populous city also took the biggest hit, with residential listings falling 26.4% in Sydney for the month. Darwin saw an 8.5% drop in the final month of the year, in line with the national average.
Canberra saw the second-largest fall in December, with stock levels falling 17.6%.
Hobart was the only capital city to record a monthly rise in listings in December, increasing by 0.4%. Yearly figures in Hobart were down 5.7%, however.
Asking prices have also shot up 7.2% in the past year, with the average capital city asking price for houses now at $706,300.
Sydney was at the forefront of the price rise, with asking prices up 14% in the NSW capital.
Canberra was the only capital city to record a decline in asking prices for houses on a yearly basis, falling by 1.5%.
