Low listings continue through selling season
With very few forced sellers around, new property listings continue to track miles below average as we move into the cooler autumnal months.
Source: CoreLogic
The low level of listings is mainly being experienced as a capital city phenomenon, with listings way down in Sydney, Melbourne, and Brisbane.
On the other hand, some regional areas and smaller capital cities have bucked the trend.
Source: CoreLogic
In a similar vein, rents are now easing in Canberra, Hobart, Darwin, and a number of regional areas.
In the big cities, however, asking rents are rocketing.
SQM's latest figures show asking rents in Sydney for units up by +30 per cent from a year earlier, and accelerating (Melbourne isn't far behind).
Source: SQM Research
