Listings picking up
Stock listings picked up strongly in February, particularly in Canberra, Sydney, and Melbourne, following the usual January lull, according to SQM Research.
Despite this - and before we all get too excited - listings nationally were still 5.1 per cent lower than a year ago at 336,604, down from 354,633 in February 2016.
Indeed, listings remain lower year-on-year in Hobart (-13.4 per cent), Melbourne (-9.7 per cent), Adelaide (-4.8 per cent), and Sydney (-0.7 per cent).
Looking at the absolute number of listings by capital city, we can see that listings in Sydney remain low, with the Greater Sydney population now surpassing 5 million.
In many respects Hobart is the tightest market right now, and this is being reflected in sharply rising prices in the Tasmanian capital after a decade of stagnation.
While some indices now show only a moderate deterioration in prices in Perth and Darwin, SQM's Asking Price Index still has prices distinctly lower year-on-year in both of these cities.
In Darwin's case stock on market seems to have stabilised, but it still feels as though Perth has a tough period to work through on many metrics.
Elsewhere there has been a veritable tsunami of media opinion and suggestions about 'the housing market' and what should be done, ranging from the quite sensible to the bizarre.