Listings well down
The cobweb model in action.
New property listings are down 32 per cent in Sydney and 32 per cent in Melbourne respectively from a year earlier.
Brisbane's new listings are down 22 per cent, and in Perth the equivalent figure is 18 per cent.
Even the total of unsold inventory is now down by 10 per cent in Sydney, and 6 per cent in Perth.
Source: CoreLogic
There remains a big chunk of unsold inventory in in south western Sydney and in the Hills District.
But stock levels are becoming very tight on the lower north shore and on the northern beaches.
