Sydney and Melbourne property listings fall 16 per cent

Summarised from 2 outlets · Updated 8 Oct, 03:24 · Archive

Property listings in Sydney and Melbourne have fallen 16 per cent, with further price declines expected.

Property listings in Sydney and Melbourne have fallen by 16 per cent, according to reports from Australia's property market. Realestate.com.au, a major property portal, has signalled that it expects prices in these cities to continue falling in the near term.

The decline in listings represents a significant shift in Australia's property market. The warning of further price falls from a major market indicator suggests ongoing pressure on property values in the country's two largest cities.

How it is being reported

• Sydney, Melbourne property listings fall 16 per cent, REA Group flags further price fallsProperty listings in some of Australia’s biggest cities have fallen significantly, as realestate.com.au says it expects prices to keep falling.The West Australian · 8 Oct, 02:51
• Sydney, Melbourne property listings fall 16 per cent, REA Group flags further price fallsProperty listings in some of Australia’s biggest cities have fallen significantly, as realestate.com.au says it expects prices to keep falling.Perth Now · 8 Oct, 02:51

In this story: Sydney · Melbourne · REA Group

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