Louis Christopher: Sydney and Melbourne “flooded with stock”

Tuesday 4 December 2018

From SQM Research comes stock on market figures for the month of November, which reported a 7.9% jump in total for sale listings over the month and an 8.1% increase over the year, driven by massive rises in Melbourne and Sydney:

Over the year, for sale listings rose across all markets except Hobart (-1.0%) and Darwin (-0.9%), and skyrocketed in Melbourne (+32.2%), Sydney (+20.4%), and Canberra (+22.3%).

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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.