Property listings soar into 2018 close

Tuesday 8 January 2019

Via SQM:

Figures released today by SQM Research reveal national residential listings declined 9.2% in December 2018 to 328,203 from 361,619 in November 2018, with stock on market dropping in all cities as is expected during the festive and summer break. This seasonality decline is typical as vendors withdraw advertising and inspections over Christmas and New Year.

However, the decline in Sydney, Melbourne and Canberra were larger than expected with Sydney down 17.7%, Melbourne 17.2% and Canberra 15.5%.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.