Supply-demand imbalance in a new Chart 📉Cotality Australia's April report (DM if you want a copy)Key Point: Population UP, House Prices UP(where the number of new homes is less than the number of new people)"Strongest growth in home values since 2020 has been in states with the weakest rate of dwelling completions relative to population growth.WA and QLD saw their share of dwelling completions lag well behind the share of population growth, with these states seeing home values more than double since the start of 2020.QLD recorded the largest increase in population over this period (with over 25% of the national increase)."Specifically Supply: "Cotality was tracking close to 122,500 house and unit listings over the four weeks to April 5th. With a softer than average flow of new listings to market, total advertised stock levels were tracking 11.5% lower than at the same time a year ago and 15.1% below the five-year average."Truly Finance's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers in Australia with uncommon excellence!James. Principal Mortgage Broker ☎️ 0439 591 759Victor. Principal Mortgage Broker ☎️ 0449 659 029Nermalee. Senior Mortgage Broker ☎️ 0431 274 554Dragan. BD & Relationship Manager ☎️ 0422 435 900Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
