"New 'for sale' listings have fallen in all capital cities compared to one year ago, although new listings have held up OK in Sydney," Domain chief economist Trent Wiltshire said.
"But the flip side of that is if JobKeeper and mortgage holidays come to an end later in the year, and if we do see a number of distressed sales, we'll see an increase in the number of houses, of properties, for sale."Peter Giutronich says his plans for the future will be significantly affected by the sale price of his home.
Now empty-nesters, the pair had hoped to downsize to a smaller property and use the capital to fund their retirement and prop up their super balances.After listing the home in March, two weeks into the campaign, auctions were banned. The couple took the property off the market and postponed the sale for six weeks. They have since relisted the home as a private sale.
With the family of five currently living in a three-bedroom townhouse in Melbourne, the Camms were planning to sell it and their investment apartment and upgrade to a larger family home."There's always uncertainty when it comes to selling, but there's more uncertainty at the moment."
Are we supposed to feel sorry for them?
Pretty sure that buyers are not in control with real estate values in Sydney's eastern suburbs at historic highs
Covid was so yesterday TheGreatAwakening WWG1GWA
Full impact when jobkeeper stops.