Residential listings at 11 year lows: CoreLogic
CoreLogic calculates about 145,000 properties are for sale around the country, the lowest number since 2010.
Jonathan ChancellorApril 25, 2021
CoreLogic have calculated there are about 145,000 properties are available for sale around the country.
It is the lowest number since 2010.
But new listings over the past month were the highest since the peak of the market in 2017.
Confidence was rising after eight consecutive months of national price rises, according to CoreLogic’s executive head of research.
“It has surprised me that it has taken this long for new listings to get to this above-average level,” Mr Lawless told The Australian.
“But the other thing is, it happening at a time when buyer demand is also at really high volumes.”
The number of home sales for the first quarter of this year was 22 per cent up on last year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
