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:
REIA News – August 2019
Housing finance figures show green shoots
REIA News – July 2019
Housing Finance numbers show cautious optimism
REIA says rate cut to help affordability for home buyers
Leanne Pilkington recognised as best of the best
REIA News – June 2019
Research shows March housing decline, market to stabilise: REIA
