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As property listings halve, real estate agents are also feeling the squeeze – ABC News

Tasmanian houses for sale are half what they usually are at this time of year and real estate agents are being urged not to discount their commissions in order…

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A falling number of houses on the market in Tasmania is encouraging real estate agents to “race to the bottom”, or leave the industry entirely, some agents say.
Key points:

  • New listing levels of property for sale in Tasmania are 8 per cent lower than the previous five-year average, according to new CoreLogic data
  • The Real Estate Institute of Tasmania says it’s “begging” agents not to discount their commission as they compete for scarce listings
  • The CoreLogic report also shows an increase in net overseas…

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