CoreLogic’s latest Housing Chart Pack highlighted the disparity in housing inventory relative to historical averages.
Eliza Owen, CoreLogic’s head of research Australia, identified supply and demand balance as a key driver of market variations.

“At one end of the spectrum is Perth, with total listings sitting -45% below average stock levels, and a monthly capital growth rate of 1.8%,” Owen said. “At the other end of the spectrum is Hobart, where there are 39.5% more listings than the historic five-year average for this time of year, and home values are 0.5% lower.”

This imbalance suggests that markets like Perth are seeing heightened competition for homes, driving prices up, while Hobart’s market faces downward pressure due to excess inventory.

You may read the whole article here:
https://bit.ly/3yYRLym