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SQM Research has released its Stock on Market Report for September, which posted a 0.6% decline in property listings over the month with listings down a whopping 25.9% year-on-year:
As shown above, all jurisdictions other than Darwin posted a decline in annual listings, with Canberra (-41.1%), Brisbane (-32.1%), Hobart (-31.8%), Adelaide (-26.5%), and Sydney (-26.0%) recording massive falls.
New listings (less than 30 days) rose 11.9% over September and were 18.0% higher over the year:
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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.