Melbourne drives big fall in for sale listings
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From SQM Research comes stock on market figures for the month of May, which reported a 0.5% rise in listings over the month but a large 7.5% decrease over the year:

Listings rose across all jurisdictions except Hobart and Melbourne in May, with Sydney (+5.9%) recording the biggest increase.
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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.