Spring property listings rise

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SQM Research has released its stock on market report for October, which posted a 2.0% seasonal rise in listings over the month but a 4.8% decrease in listings over the year:

Listings rose across all markets over October except Darwin, whereas over the year listings fell across five out of eight markets.

SQM’s asking prices index was mixed, perversely posting falls across the boom markets of Sydney and Melbourne:

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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.