Melbourne and Sydney for sale listings surge

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SQM Research has released its Stock on Market report for February, which revealed that property listings rose by 0.2% over the month but were still down 13.8% year-on-year:

However, as shown above, listings in Sydney and Melbourne bounced, jumping by 9.9% and 10.0% respectively in February.

According to SQM Managing Director, Louis Christopher:

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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.