The supply of available properties for sale just cannot keep up with demand.

In Australia, 1.4 properties are sold for every new property that enters the market for sale.

Capital city demand is strong, with purchasers — owner-occupiers, investors, and first-time buyers – out in force at a time when available supply is straining to keep up.

The table below demonstrates how the stock of advertised properties is significantly lower than it was a year ago in all capital cities.

At the same time, “time on market” is decreasing.

These are signals that property values will continue to grow in the future, but with lockdowns gradually being lifted, more properties will likely come on the market for a late Spring selling season.

Source: Corelogic, and realestate.com.au.