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SQM Research has released its Stock on Market report for January, which revealed that property listings rose by 2.2% over the month but were still down 10% year-on-year:
As shown above, there is still an acute shortage of stock in Sydney and Melbourne, where prices are surging.
Nevertheless, SQM believes that a surge of new listings in January, which goes against the seasonal grain, signals a potential resurgence of overall listings over coming months:
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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.
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