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Thursday, 7 May 2020

Lowest supply in years

Listings dry up

Very few property owners are looking to sell, preferring to hold on, with new listings falling even lower than their pre-Xmas levels, according to CoreLogic's latest chart packs.

Source: CoreLogic

Total listings are now 'at their lowest level in years', so there really isn't much stock around.

Source: CoreLogic

Mortgage rates, of course, are have continued to tumble to the lowest level on record.

Source: CoreLogic

Housing markets are more likely to be impacted in terms of rentals, with Airbnb owners flooding the market with cheap rental stock, especially in inner-city locations in Melbourne and Sydney.