Number of homes for sale soar ahead of spring in Australia

According to The Australian Financial Review, fresh home listings in some of the more expensive Sydney suburbs have more than doubled in the past four weeks as sellers scramble to beat the spring selling rush, data from CoreLogic shows.
New stock is also piling up in Melbourne’s more affluent areas despite falling prices.
Separate data from Ray White shows stock levels are poised to surge even higher in the coming weeks as more properties hit the market.
Eliza Owen, CoreLogic’s head of research said the earlier-than-normal groundswell was likely fuelled by expectations of weaker house price growth, prompting some sellers to get ahead of the competition.

https://www.afr.com/property/residential/number-of-homes-for-sale-soar-ahead-of-spring-20240827-p5k5o3