As auction clearances crash, unsold property listings surge

Tuesday, 6 November 2018

There’s blood in the water, according to CoreLogic’s weekly market activity report. At the same time as auction clearances have plunged to six year lows:

For sale listings have surged to six year highs, led by Melbourne (+19.1% YoY) and Sydney (+17.1% YoY):

Meanwhile, the trend in credit remains flat:

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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.