Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Wednesday, 5 April 2017

Supply!

Listings rise

SQM released its excellent weekly newsletter today which reported a low vacancy rate for Sydney of 1.92 per cent, and an even lower vacancy rate for Melbourne of 1.72 per cent. 

Stock levels on the market have generally declined since 2008 in Sydney, while in Melbourne they increased, before hitting a plateau.

It's early days, but this may be about to change in Sydney, with listings up by 11.7 per cent from a year earlier at 28,636.

This may indicate that some owners are looking to lock in recent price gains.

Monthly listings also increased in Melbourne. 


Total listings were up year-on-year in most of the capital cities, with Hobart remaining the tightest market.


SQM reported that APRA's recent regulatory measures would nevertheless not be enough to dent price gains in Sydney and Melbourne.

Indeed, asking prices did continue to rise over the preceding quarter in both cities.

The government may have a trick or two up its sleeve in the May budget yet too.