For would-be buyers priced out of their dream suburbs, a housing market slowdown is a second chance to buy back in.
Home values in Australia’s two major property markets have fallen since the end of 2017, with the median price of a house in Sydney down 10.9 per cent year-on-year to $902,786, and 10.6 per cent to $740,425 in Melbourne, according to CoreLogic.
At the same time, the number of homes advertised for sale has risen dramatically, with listings up 34 per cent in Melbourne compared to the same time last year, and 24 per cent in Sydney.
For buyers that means one crucial thing:…CONTINUE READING
Source: thenewdaily.com.au