36,000 home hangover for Melbourne market: SQM Research

Original article by Nathan Mawby
news.com.au – Page: Online : 9-Jan-19

SQM Research has reported that there were over 36,000 homes still up for sale in Melbourne at the end of 2018. This represents an increase of 25 per cent when compared to the end of 2017, when around 29,000 homes were on the market. SQM Research head Louis Christopher says the increase in unsold homes shows that sellers are not prepared to accept "low-ball" offers for their homes. He says that quite a number of vendors have withdrawn their homes from the market altogether, and that these sellers would put their houses back on the market in 2019.


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