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at 1:20 pm on April 8, 2021 | 1 comment
SQM Research has released its Stock on Market data for March, which has recorded a heavy 16.7% year-on-year decline in the number of listings, with every market except Melbourne recording falls:
The total number of property listings across Australia continues to fall, driven by the smaller markets.
The decline in total listings came despite a solid 10.7% year-on-year increase in new listings (i.e. advertised for less than 30 days):
New listings have risen, whereas old property listings have shrunk.
According to SQM managing director, Louis Christopher, this is a sign of insatiable buyer demand, which points to ongoing strong price appreciation:
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