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Lockdowns drag capital city listings even further down SHARE THIS ARTICLE
The latest wave of localised lockdowns has led to significant falls in property listings across affected areas, new data has shown.
The latest figures from SQM Research have revealed that while national residential property listings rose by 1.1 per cent over July, listings are still down by 23.6 per cent on the same time last year.
Just 238,834 homes were on the market over July. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778681712-0 ); }); } Advertisement
Month on month, Sydney and Adelaide saw the largest declines in property listings as the latest lockdowns disrupted the markets, with monthly declines of 5.1 per cent and 1.4 per cent, respectively. ....
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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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