Rental stock falls in Sydney, Melbourne: CoreLogic RP Data

Rental stock falls in Sydney, Melbourne: CoreLogic RP Data
Rental stock falls in Sydney, Melbourne: CoreLogic RP Data

The number of residential property listings are 1.8% lower than this time last year despite the level of fresh listings up 11.7% in the same time period, according to CoreLogic RP Data's Property Pulse market update for the week ending July 26. 

The market update found total stock across Melbourne, Hobart, Canberra and Sydney has fallen more than 8% when compared to the same time last year, making market conditions more favourable for vendors. Perth and Darwin housing supply is nearly 22% higher making for tough selling conditions.

The report noted a fall in total listings numbers has stabilised since mid-March.

 

Click to enlarge

Rental stock falls in Sydney, Melbourne: CoreLogic RP Data

 

Tags: 
Rental Property Housing Market

Community Discussion

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