SQM: Property listings “abnormal and concerning” after “terrible spring selling season”

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By Leith van Onselen

SQM Research has released its stock on market report for January, which posted a tiny seasonal decline in listings over the month but a large 8.0% increase in listings over the year:

Over the year, for sale listings rose across all markets except Hobart (-1.9%) and Darwin (-0.6%), and skyrocketed in Melbourne (+42.3%), Sydney (+22.3%), and Canberra (+24.6%).

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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.