Fresh Sydney stock emerging but still 2017 supply overhang: CoreLogic

Fresh Sydney stock emerging but still 2017 supply overhang: CoreLogic
Fresh Sydney stock emerging but still 2017 supply overhang: CoreLogic

There is more stock making its way to the Sydney market, however there's still plenty left over from last year.

New listings in Sydney are up over 1,000 from CoreLogic's update last week, while Melbourne's have also spiked roughly the same amount.

There are 21 percent more listings in Sydney than this time last year.

Click here to enlarge.

Fresh Sydney stock emerging but still 2017 supply overhang: CoreLogic

Hobart's thriving market is finding buyers the quickest for house and apartments.

Darwin houses and units take the longest to shift, nearly triple the time that they take to sell in Hobart.

Melbourne outstrips Sydney for the median time on market for houses by 15 days, but just three days separates the apartment market.

Click here to enlarge.

Fresh Sydney stock emerging but still 2017 supply overhang: CoreLogic

Tags: 
Sydney Corelogic

Comments

Be the first one to comment on this article
What would you like to say about this project?