Sydney and Melbourne property listings surge 25%

SQM Research has released its Stock on Market report for October, which has recorded a surge in for sale listings in Sydney, Melbourne and Canberra after they exited lockdown:

According to SQM research, it was “the largest single percentage increase (month on month of total listings) recorded for Sydney and the 2nd largest single percentage increase (month on month of total listings) for Melbourne”.

Across every other capital city market and nationally, listings also rose in October.

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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.