More houses available but selling them is still tough
Auction clearance rates are still low despite volumes improving across the country, especially in Melbourne, which had a surge in homes going under the hammer.
Seller Markets
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Property
Cheaper properties showing higher rate of price decline
Economist says prices for cheaper houses are falling faster and 'the main driver of this is the Budget's changes to negative gearing and capital gains tax and the subsequent withdrawal of investors'.
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Property
Sellers hold back as economic conditions bite
Economist says ‘sellers are pulling back – tightening supply and changing the outlook for Australia’s two largest housing markets’.