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Above is the RP Data August housing update, presented by Tim Lawless. As always, it’s worth checking out for the smorgasboard of data on display.
Tim’s fairly upbeat this month, noting that the housing market is starting to see various “green shoots”. However, the main negative that could stifle the recovery is that for sale listings remain highly elevated (chart below), and there’s the possibility that the spring selling season could see a large number of homes hit the market, causing a supply glut.
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Twitter: Leith van Onselen. Leith is the Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.
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.