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CoreLogic’s Tim Lawless has published data on Twitter showing that new property listings have surged to a five year high for this time of the year, after rising 62.5% year-on-year to be running 16.9% above the five year average:
New property listings have hit a five year high for this time of the year.
However, total listings remain deeply depressed, down 12.6% year-on-year to be running 17.5% below the five year average:
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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.