Australian Property

Stock on market drops east, rockets west

Leith van Onselen
Wednesday 10 June 2015
Advertisement

By Leith van Onselen

SQM Research has released its stock on market figures for the month of May, which registered a 3.3% monthly increase in the number of homes for sale, but with for sale listings down by 1.9% over the year (see below table).

ScreenHunter_7688 Jun. 09 15.25

As shown above, the key bubble markets of Sydney and Melbourne led the annual decline, whereas the mining bust jurisdictions of Perth and Darwin have registered big increases.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.