Property market falls for third straight month

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Housing prices in Australia are falling for a third straight month after CoreLogic's Research Director Tim Lawless warned market conditions were 'likely to worsen' as interest rates continued to surge.

As Australia moves through Winter, CoreLogic said advertised stock levels will be in focus with the flow of new listings declining relative to the warmer months.

“Based on the pre-COVID average, we have typically seen an 18.9 per cent rise in the number of new listings between the winter and spring seasons," he said.

 

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Fake news. Real estate only goes up. Afr already predicting rate cuts 😍

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