Flood of property listings slashes vendor prices

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I noted yesterday how Sydney and Melbourne was being flooded with property listings.

This is illustrated clearly by CoreLogic’s latest for sale listings data:

As well as the record boom in auction listings:

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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.