The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia.
“The credit squeeze is seeing less money and properties on the market for longer, particularly in Sydney,” REIA President Malcolm Gunning said.
Download the full media release here:
Housing Finance Numbers Confirm Market Feedback: REIA
REIA News – June 2018
Real Estate Industry on Pathway to Professionalism
Australian Capital Cities Median House Price Falls: REIA
Housing Affordability Improves Across Australia: Report
REIA News – May 2018
Six Month Decline in Housing Finance Numbers
Budget benign for housing: REIA
