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From SQM Research stock on market figures for the month of April, which registered a 4.1% monthly jump in the number of homes for sale, with for sale listings also up by 5.2% year-on-year (see below table).
As shown above, strong rises were recorded virtually across the board in April. Sydney has driven the surge in for sale listings over the year, up 37.8%, followed by Canberra (+15.1%), Brisbane (+12.8%), Perth (+9.2%), Adelaide (+9.1%), Melbourne (+8.4%) and Darwin (+6.7%). Only Hobart (-5.2%) recorded an annual fall in for sale listings.
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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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