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From SQM Research comes their stock-on-market data for November, which registered no change over the month but a 1.4% reduction in homes for sale over the year:
As you can see above, Sydney (-8.1%) and Melbourne (-8.2%) are the key drivers of the annual reduction in homes for sale, whereas Perth (+14.7%) and Darwin (+25.9%) have experienced big yearly increases on the back of the unwinding commodities boom.
According to SQM Research’s managing director, Louis Christopher:
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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.
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