Melbourne's fresh listings well down while Sydney still sees major overhang from 2017

Melbourne's fresh listings well down while Sydney still sees major overhang from 2017
Melbourne's fresh listings well down while Sydney still sees major overhang from 2017

Melbourne has over 6.5 percent less fresh listings than it had at the same time last year, while Adelaide and Brisbane aren't too far behind.

Sydney's new 8,300 listing represents a 0.4 percent increase in fresh stock to their market compared to a year ago.

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 Melbourne's fresh listings well down while Sydney still sees major overhang from 2017

Sydney's overhang still comes from last year, with 26,800 total listings showing a 22.5 percent increase on how many listings they had last year.

Hobart is still well short of stock with dwellings flying off the shelves. They're 34.5 percent down on total number of listings from this time last year.

In total there are nearly 30,000 new listings, down 3.2 percent from this time last year.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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