Listings down
New listings are down 30 per cent year-on-year in Sydney.
And they're down 32 per cent in Melbourne.
In Sydney in particular this is leading to a dearth of quality stock, and total listings in the harbour now sit below 25,000 as demand ramps up.
Source: CoreLogic
In fact the latest CoreLogic stats show that new listings are down across all capital cities from a year earlier.
The Reserve Bank meets tomorrow and hopefully will cut interest rates to get the stalled economy moving.
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ScoMo has had some divine intervention here...
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ScoMo has had some divine intervention here...
And then to start the financial year...
Time for some overdue tax cuts, please!
