Residential Listings Rise, Buyer Interest Wanes
Phil McCarroll writes an article for the website Your Investment Property where he talks about a big increase in residential listings for Sydney for the month of October. There is a 22.5% rise compared to September and the figure stands at 28,827. This is a three-year high and an 11.6% leap compared to the figure registered in October.
While the number of sellers has increased, the buyer interest has flagged and sellers are expected to have a tough time ahead.
You can read the original article here.