SQM Research’s August stock on market report reveals that for sale listings hit a fresh all-time low, plummeting by 9.6% to 215,911 from 238,834 in July 2021:
This represents the lowest count of listings recorded by SQM Research since it begun its series in January 2010.
The largest monthly falls in property listings in August were in Sydney, Melbourne and Canberra as the lockdowns in these cities disrupted the market. Over the year, property listings are trending downwards nationwide. Compared to 12 months ago, national listings fell 26.3%, with the biggest falls in Sydney, Hobart, Adelaide, Canberra and Brisbane.
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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.
