Homes 4 sale!
Property listings surged in Sydney, Melbourne, and Canberra in October, in anticipation of activity getting back into full swing.
Listings increased by 25 per cent in these three capital city markets over the month, according to SQM Research's latest figures.
The market remains extremely tight for houses in Brisbane, and also in Adelaide and Hobart.
Certainly the market for homes in Brisbane has been a struggle for buyers, and continues to be.
The new supply coming online, in concert with other factors, is expected to cool dwelling price growth in 2022.
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For stock markets, it's a bit of a case of 'as you were'.
The U.S. markets hit fresh highs yesterday, while in Australia the ASX 200 still seems a bit unsure whether it's Arthur or Martha, hovering at around 7,300, actually a little above where it was prior to the COVID shock.
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Rate hike expectations for the next year have been overdone, with iron ore dropping like a stone from above $200/tonne to limit down at $95 today, and thermal coal prices getting absolutely monstered.
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There's a YouTube version of the latest property podcast you can listen to here:
