Supply drought
Property sales have increased to the highest levels since 2004.
And with stock being absorbed so quickly, total stock on the market is 25 per cent below average according to CoreLogic's figures.
Source: CoreLogic
New listings in Sydney and Melbourne are now plummeting, due to lockdowns.
Stock levels were already very tight in Brisbane, Canberra, Adelaide, and Hobart, as well as regional New South Wales and Victoria.
Expect there to be a stock shortage or supply drought for the remainder of 2021.
