Property Market Rationalisation Underway: REIA
The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria which is seeing longer listing times and stagnant prices, particularly on the east coast, according to the Real Estate Institute of Australia.
The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria which is seeing longer listing times and stagnant prices, particularly on the east coast, according to the Real Estate Institute of Australia.
“The credit squeeze is seeing less money and properties on the market for longer, particularly in Sydney,” REIA President Malcolm Gunning said.
“This will encourage an environment …