Source: CoreLogic
Over the 12 months to May 2017, only 4.8% of all houses nationally actually sold highlighting just how little stock sells in a given 12 month period.
Across house sales over the past 12 months, Tasmania saw the highest proportion of stock turning over with 5.6% of all houses in the state selling. Conversely, Western Australia saw the lowest proportion of turnover with just 4.0% of all houses selling over the past year.
% of total houses sold by state,
12 months to May 2017
|
NSW |
5.1% |
|
VIC |
4.5% |
|
QLD |
5.1% |
|
SA |
5.1% |
|
WA |
4.0% |
|
TAS |
5.6% |
|
NT |
4.6% |
|
ACT |
3.9% |
|
NATIONAL |
4.8% |
The low volume of housing stock which actually turns-over highlights why caution should be taken when looking at median sale prices. Because of the low sample a median is based off they can be biased.
