Australian Property

For sale listings skyrocket

Leith van Onselen
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By Leith van Onselen

SQM Research has released its stock on market report for May, which posted a 4.0% rise in listings over the month and a 6.2% increase in listings over the year:

Over the year, for sale listings rose across all markets except Darwin (-1.5%), and skyrocketed in Melbourne (+21.1%), Canberra (+25.0%), and Hobart (+15.5%).

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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.