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CoreLogic’s weekly housing market indicators report includes the below chart showing the massive decline in the number of homes listed for sale across Australia:
For sale listings have been falling for two consecutive years.
As you can see, the number of for sale listings have been trending lower for two consecutive years. They are also now down 10.9% across the combined capital cities, with listings across the smaller capitals falling the most:
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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.