New listings nearly cut in half: Pete Wargent

New listings nearly cut in half: Pete Wargent
New listings nearly cut in half: Pete Wargent

EXPERT OBSERVER

There's not been too much sign of forced selling in the housing market just yet, with new listings all but cut in half.

 

Source: My Housing Market

 

Resi construction is also forecast to all but dry up this year, with annual dwelling commencements tipped to dip below 100,000 over the coming quarters (UBS), which would the lowest rate of new supply since 'at least 1960' (h/t Scutty).

In fact, we're still seeing plenty of competition for the limited amount of new stock in blue chip areas, and even some examples of prices going above price guides.

It's extremely doubtful that's the case in outer suburban areas or regional hubs, though, as rising unemployment and underemployment begin to bite

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Property Listings Forced Sale

Comments

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