Listings decline
Property listings took a surprise fall in October, with fewer sellers prepared to sell in the current market conditions.
There were significant declines over the month in Sydney, Melbourne, and Brisbane.
There was finally some respite in Hobart, where listings were up 60 per cent over the year.
But overall, a decline in listings, at a time when listings normally rise into the spring selling season.
Few distressed sellers, then, with most opting to ride out the downturn.
That said, SQM did note a bit of an uptick in distressed listings.
Source: SQM Research
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CoreLogic reported further declines in prices in October, as expected, and further increases in rents.
