Listings remain low
Property for sale remained relatively tight across each of the major capital cities, and significantly lower than a year earlier in Sydney, Melbourne, and Perth.
Listings have increased notably in Canberra and Hobart, after some stellar price performance in recent years.
Asking prices are higher over the year in most cities, but there has been some weakness in regional markets of late, including in 'lifestyle' locations such as the Sunshine Coast (which I can attest to personally) and the Mornington Peninsula (which I can't).
Source: SQM Research
Interestingly SQM runs a distressed listings data series, and these figures have dropped, perhaps reflecting the ongoing strength of the jobs market.
Source: SQM Research
SQM's media release is here.
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Catch Amy and Owen discussing successful property renovations on the podcast here.
