Australian Property

Stock on market falls as Sydney asking prices top $1.1m

Leith van Onselen
Tuesday, 7 July 2015
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By Leith van Onselen

SQM Research has released its stock on market figures for the month of June, which registered a 6.5% monthly decline in the number of homes for sale, with for sale listings also down by 3.2% over the year (see below table).

ScreenHunter_8164 Jul. 06 14.51

As shown above, the key bubble markets of Sydney and Melbourne led the annual decline, whereas the mining bust jurisdictions of Perth and Darwin have registered big increases.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.