Melbourne stock surge: Pete Wargent

Melbourne stock surge: Pete Wargent
Pete WargentDecember 17, 2020

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

Editor's Picks

Goldfields appoints ULTRA Building Co to deliver The Bryson, Chatswood apartment development
How Alroe has ticked off three must-haves for luxury apartment buyers at Lune Main Beach
The unrivalled dress circle location of 71 Garfield apartments
Iridian Residences to bring rare new apartments to Hampton East as completion approaches
First home buyers to pay no stamp duty on new property in QLD Gov shakeup