National Listings in Spring See Increase
Despite listing numbers starting to wind up, the number of freshly listed property remains well below the previous years. This is reflecting a deterioration in vendor confidence nation-wide.
Although listing numbers are lower than previous years, the total properties available on the market have increased to be 9.5% higher than one year ago across the combined capital cities.
This is not the result of vendors dumping on the market, but rather a slower rate of absorption in Melbourne and Sydney.
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