Buyers’ strike has unsold properties piling up


SQM Research managing director, Louis Christopher, has released research on Australia’s auction market which shows a large number of properties are failing to sell and stock levels are rising:

SQM Research has been monitoring all scheduled auctions as per the tables below, and it is clear that those properties that have been re-advertised as a private treaty, have largely not sold. If there were plenty of buyers in the market, more of these properties would have sold by now.

But they haven’t. The properties are just sitting there.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.