Property listings collapse to new low

Tuesday, 15 September 2020

According to CoreLogic, property listings across Australia have collapsed to around 8-year lows:

As shown above, new listings are tracking 23.9% lower year-on-year across the combined capitals, whereas total listings are 20.0% lower.

Obviously, the numbers have been dragged down by Melbourne, which is in lockdown. Nevertheless, total listings have fallen significantly everywhere except Sydney.

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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.