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From SQM Research comes their stock-on-market data for February, which registered a 0.1% rise over the month and a 1.6% increase over the year:
As shown above, there is significant divergence between capital cities, with stock levels down over the year in the frothy markets of Sydney and Melbourne, but up massively in the mining-heavy jurisdictions of Perth and Darwin.
According to SQM:
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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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