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CoreLogic’s weekly market update suggests that lockdowns are tightening the nation’s residential property market.
Specifically, total listings have collapsed, down 17.6% year-on-year:
At the same time, mortgage demand remains strong. As shown below, it is the strongest September for “mortgage activity events” since 2017:
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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.
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