Business
Housing boom slows as wave of homes hits the market – The Australian Financial Review
The near record-breaking growth in house prices may be coming to an end, with home values rising at a much slower pace as government support packages end and the…
This is showing a clear and broad-based slowdown in the rate of housing value growth a trend that has been evident since late March.
Auction clearance rates have also edged lower, moving from a recent high of 83.1 per cent in the last week of March to 78.6 per cent over the week ending April 18.
There has been a sizeable lift in fresh listings hitting the market. In the four weeks ending April 18, 26,470 new listings were added to the market the most in a 28-day period since 2016. New listings are…
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