Record Australian property demand in September

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Average views per listing on Realestate.com.au hit a record high in September, according to the latest PropTrack Housing Market Indicators Report:

With limited stock on the market, views per listing hit record highs.

The ongoing shortage of stock available for sale coupled with elevated search volumes on realestate.com.au resulted in record high interest from buyers in September. This indicates a continuing disconnect between the supply of stock for sale and buyer demand, which could put further upward pressure on prices.

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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.