Aussie property market still suffers acute lack of stock

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:

Number of homes 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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