80 Per Cent Surge in Properties For Sale, According to New Research

Research director Tim Lawless says the fact new stock is not being absorbed (evidenced by dropping auction clearance rates), is resulting in sellers losing their negotiating power, while buyers gain.
He said the 125,400 homes for sale at present is 79 per cent, or 70,000 more than this time last year.

He said successive interest rate rises, share market falls and drops in consumer and business sentiment was taking its toll on the market.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.