New home listings soared by 41 per cent in Sydney and 82 per cent in Melbourne last month as vendors rushed back into the market after lockdowns ended and before the higher mortgage buffer came into effect, the latest SQM Research data shows.
Total listings jumped by 25.5 per cent in Sydney during October to 29,183 – the largest monthly percentage increase on record, while lifting by 25.1 per cent to 41,265 in Melbourne.
