Perth property listings hit three-year high as buyer ‘frenzy’ cools SMH.com.au
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Melbourne’s residential property market is experiencing a significant downturn in auction activity, with more than 1,000 sellers withdrawing their listings since the federal budget was announced in May. New data indicates that the withdrawal rate has nearly doubled compared to the previous year, reaching 16.3% as investor confidence wanes following proposed changes to property tax benefits. This shift marks a critical period for the Victorian real estate sector, as industry experts warn that government policy changes are deterring both buyers and sellers from transacting.
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