Listings dry up
Very few property owners are looking to sell, preferring to hold on, with new listings falling even lower than their pre-Xmas levels, according to CoreLogic's latest chart packs.
Source: CoreLogic
Total listings are now 'at their lowest level in years', so there really isn't much stock around.
Source: CoreLogic
Mortgage rates, of course, are have continued to tumble to the lowest level on record.
Source: CoreLogic
Housing markets are more likely to be impacted in terms of rentals, with Airbnb owners flooding the market with cheap rental stock, especially in inner-city locations in Melbourne and Sydney.
