There is an increase in stock coming to the Townsville property market. Picture: Evan Morgan
Fresh stock has been hitting the Townsville property market with new listings up in October.
The latest PropTrack Listings Report showed new Townsville listings on realestate.com.au shot up 21.7 per cent in October pushing new listings up 19.7 per cent year-on-year.
Total listings were also up 7.1 per cent in October.
However, total listings were down 24.6 per cent year-on-year.
PropTrack Director of Economic Research, Cameron Kusher said in wider regional Queensland new listings were up 8.9 per cent in October and 16.6 per cent annually.
“Regional Queensland recorded the largest increase in new listings from a year earlier among regional markets,” he said.
Total listings were up 3.8 per cent month-on-month but down 3.4 per cent year-on year.
In Brisbane, new listings increased 15.4 per cent across the month to reach the highest volume of new listings for the month of October in …