Listings tight
SQM reported the latest listings numbers for January.
There's more stock for sale in Canberra and Hobart, but overall listings remain low.
Total listings fell -5.7 per cent in January, which is not that unusual for the time of year, of course.
Sydney remains fairly tight, with only around 25,000 listings, while Adelaide - and especially Brisbane and Perth - are now very tight markets.
For some historical context, listings were around 50 per cent higher a decade ago, and were at nearly 380,000 in 2012 (which proved to be a good time to buy property).
Source: SQM Research
SQM did report an increase in distressed listings in January, as higher mortgage rates bite.
But overall, there's a shortage of housing, and a shortage of properties for sale in 4 of the 8 capital city markets.
Construction collapse continues
Another building giant went down today, with the Sydney-based St Hilliers group calling in the administrators and calling a halt to work on its 20 ongoing projects, while there's $240 million of work licensed under the Queenslander Building & Construction Commission now thrown into doubt.
Like many developers the group had reported ongoing losses, due to high materials and trades costs, driven largely by supply-chain disruptions.
Insolvencies across the sector are up by more than 50 per cent from a year ago, and a combination of the higher cash rate and very tight mortgage lending regulations mean that there are almost certainly many more in the post.
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