"The number of new properties advertised for sale increased by 2.8% last week. The number of newly advertised properties for sale is currently 20.5% above the 12 month average and 23.3% higher than it was at the same time last year. The total number of properties advertised for sale increased by 1.7% last week. Total advertisements are 13.1% higher than the 12 month average and are 23.6% higher than at the same time last year. With so many properties available for sale and few active buyers, vendors are going to have to offer competitive pricing if they wish to sell."
See Chart, that shows $41 billion of property for sale in Queensland. There are more properties listed for sale in Qld than in any other State.