Property listings collapse amid buyer frenzy

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SQM Research has released its Stock on Market data for May which revealed a hefty 6.3% decline in for sale listings over the month to be down 19.2% year-on-year:

Total property listings

Total property listings collapse.

Listings fell across all capital city markets other than Darwin.

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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.