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Little Housing Stock Sells in a Given Year

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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

2017-08-28--%oftotalhousessoldbystate,12monthstoMay2017

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.  Furthermore, they may not be reflective of…



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