The number of Australian homes on the market increased over the past year as liquidity in the property market increased, according to the latest report from RP Data.
ACT had the biggest percentage increase of stock on market in Australia in the past year, with Victoria following closely behind.
Although Queensland saw a slight drop in the total number of residential properties put up for sale over the course of the year, it remains the state selling the highest amount of homes, reports RP Data.
RP Data's Property Pulse report claimed: "The number of newly advertised properties for sale rose last week; however, the number of new listings remains much lower than at the same time last year."
New South Wales has the country's most expensive housing stock, with the available housing priced at an estimated $50.5 billion (£31 billion).
A report from CSR recently noted that construction levels in Australia have hit their lowest level for 15 years despite the country's growing population.
Posted by Craig Francis