80 Per Cent Surge in Properties For Sale – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 27 Mar 2008 15:00:01 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png 80 Per Cent Surge in Properties For Sale – realestatesource https://www.realestatesource.com.au 32 32 80 Per Cent Surge in Properties For Sale, According to New Research https://www.realestatesource.com.au/80-per-cent-surge-in-properties-for-sale-according-to-new-research/ Thu, 27 Mar 2008 15:00:01 +0000 http://realestatesource.com.au/wordpress/80-per-cent-surge-in-properties-for-sale-according-to-new-research.html The number of homes put to the market for sale has surged 79 per cent on the same time last year, according to new research by RP Data.

]]> 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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