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(Daniel Munoz, SMH)
Lockdowns that have placed almost 12 million Australians under stay-at-home orders have now hit the property market, new data shows.
New figures out of REA show the number of new listings have fallen in five capital cities.
While auctions and inspections are still operating with restrictions, recent extension to lockdowns in Greater Sydney and Victoria will lead to more vendors pushing back auctions or withdrawing from the market, experts say.
New listings fell in five out of Australia’s eight capital cities in a sign that lockdown stress is dampening Australia’s hot property market.
Sydney’s housing market has been particularly hit as the city rounds out its fourth week under lockdown since Greater Sydney was placed under restrictions on June 26.
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