Indeed, both Melbourne (-19.5 percent) and Hobart (-18.9 percent) have recorded enormous year-on-year declines in total stock listings.
Melbourne recorded a massive near 6 percent uplift for houses in the month, for a 22.6 percent annual increase.
The Melbourne housing market is performing extremely bullishly, echoing out-performance in the local economy.
It's also worthy of note that the annual change in listings in resources cities has flattened, after increasing for a long period of time.
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.
His latest book is Four Green Houses and a Red Hotel.
