SQM: Massive lift in Melbourne and Sydney property listings

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By Leith van Onselen

From SQM Research comes stock on market figures for the month of October, which reported a 0.3% decline in total for sale listings over the month but a 3.3% increase over the year, driven by massive rises in Melbourne and Sydney:

Over the year, for sale listings rose across all markets except Hobart (-12.9%) and Darwin (-4.9%), and skyrocketed in Melbourne (-24.3%), Sydney (+18.2%), and Canberra (+17.9%).

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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.