Lack of supply supporting property values during lockdowns

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Following SQM Research’s data showing property listings hitting their lowest level on record in August, CoreLogic has released similar data showing listings running 29.4% below average:

Property listings

Listings running ~30% below average.

At the same time, property sales are running around 30% above average:

Australian property sales

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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.