Will a listing shortfall cause panic?
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Due to a reduction in residential stock, listings have dropped (nationally) by a total of 6.3% for the month of May.

Low levels of stock paired with increased buyer sentiment has continued to raise prices both in cities and regional areas across Australia.

The number of properties on the market for greater than 180 days is down 9.2% for the month of May, indicating that long-standing listings are now being swept up.

There is no indication that the RBA will raise interest rates in the short to medium term and as disposable income remains strong, absorption rates will remain high.

The downward trend in old listings suggests Strong absorption rates, so new property Listings are not completely offsetting the falls in old listings.

SQM Research Managing Director, Louis Christopher

Total change in property listings across Australia - May 2021

SYD

Down 3.5%

MELB

Down 7.4%

BRIS

Down 7.1%

PER

Down 1.7%

ADL

Down 7.1%

CAN

Down 9.7%

DRW

Down 2.9%

HBA

Down 11.2%

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