At its core real estate is all about supply and demand.
So in this blog, we'll take a closer look at the state of our property market supply and demand.
The Australian market
Table 1 covers the Australian market, and it shows that detached house supplies are on the increase, when compared to current sale volumes.
In contrast, attached dwelling supplies – across the country as a whole – are on the decline.
In both cases – for detached houses and attached dwellings – the current level of supply is below the historic average.
If this continues into 2023 – and I think it will – this helps place a floor under dwelling values.
Detached houses by capital city
Table 2 shows the same information as table 1 but this time detached houses by capital city.
Detached housing supplies are increasing in Sydney, Perth, Hobart and Canberra.
They are steady in Melbourne and Brisbane and falling in Adelaide.
Attached dwellings by capital city
Table 3 shows the same information as table 2 but on this occasion attached dwellings by capital city.
Attached dwelling supplies are increasing in Sydney and Hobart.
They are steady in Melbourne and Canberra.
They are falling in Brisbane, Adelaide, Perth and Darwin.
