PropTrack analysis identified the suburbs with the largest annual increases in properties for sale in the year to 31 July, giving buyers more choice, particularly across Sydney and Melbourne. Economists said demand had eased and homes were taking longer to sell. Auction data showed registered bidders averaged 2.9 this year, down from 8.2 a year earlier but still above the 2.1 recorded before the pandemic.
Reported by
Shannon Molloy, realestate.com.au, 2 September 2022
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