CoreLogic: Months of housing supply at decade high

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By Leith van Onselen

CoreLogic’s Quarterly Housing Market Review revealed a large increase in days on market, with the typical capital city homes typically taking 67 days to sell compared to 40 days at the same time a year earlier:

Properties are currently taking longer to sell now than they were a year ago across all individual capital cities, at 74 days in Sydney, 61 days in Melbourne, 68 days in Brisbane, 54 days in Adelaide, 72 days in Perth, 34 days in Hobart, 76 days in Darwin and 56 days in Canberra.

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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.