This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Monday, May 15, 2017
Five months supply
A report from RP Data CoreLogic today says that there is about 5 months supply of property for sale in Brisbane. This does not include off the plan properties that are for sale.
The months of supply figure compares the number of unique properties advertised for sale to the number of transactions in the market. The analysis provides an insight into how long it should take to clear the volume of stock currently available for sale. Off-the-plan housing stock is typically not advertised for sale as individual properties and as a result is not included within this analysis.
Based on the relationship between demonstrated housing demand and advertised stock levels, CoreLogic is seeing relatively more stock available for sale compared to demand for that stock across the capital cities at the moment.