Sydney property listings surge

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Via CoreLogic:

CoreLogic research analyst Cameron Kusher this week takes a look at the current property listings status around Australia. CoreLogic Property Pulse Released: Thursday 26 July 2018 His findings reveal that while capital city dwelling values may well be falling, the market is responding with fewer new listings. However, total listings remain elevated compared to other recent years when housing conditions were much stronger. For this analysis, Mr Kusher has researched listings across each of the past seven years. As referenced in the accompany charts, the x-axis represents the time of year and the y-axis shows the number of properties listed for sale.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.