Melbourne stock surge: Pete Wargent

Melbourne stock surge: Pete Wargent
Melbourne stock surge: Pete Wargent

EXPERT OBSERVATION

A big jump in listings in Melbourne and Canberra this month, with Melbourne's available stock now comfortably exceeding 39,000, according to SQM Research's latest data and media release.
 
There were small declines in October for Brisbane, Adelaide, and notably Darwin and Perth.

But the two major capital cities are well up from last year.
 

It took a bit longer to get there, but Melbourne has now well and truly joined Sydney with its slowing market, with stock levels leaping 5.9 per cent higher in the month of October alone.
 

From a year earlier, Melbourne listings are up by 24.3 per cent, suggesting very slow sales activity in the Victorian capital.

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: 
Melbourne Property Listings

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