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Uncertainty ensues as sellers sit on their hands and wait...

Discussion in 'Real Estate' started by Jacque, 31st Mar, 2009.

  1. Jacque

    Jacque Team InvestEd

    16th Jun, 2005
    From the desk of RPData

    The last month has been pretty uneventful across property listings with few changes in the composition of new and total properties listed for sale across the country.

    The number of new properties advertised for sale sits right on the 12 month average and the number of new properties advertised for sale hasn’t been above the 12 month average level since early December. This highlights that aggressive interest rate cuts have improved home loan affordability and have seen the risk of wholesale stock dumping averted. At the same time 12 months ago there was an additional 3,500 properties advertised for sale compared to the current level.

    Read the whole report here