Australia’s property market tightening amid lockdowns

Tuesday, 14 September 2021

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.