Sydney listings hit slowest pace since 2004
SYDNEY houses are hitting the market at the slowest pace since 2004 and Melbourne is also seeing a dramatic slide in sellers, adding to concerns that Australia's housing slump will sap economic growth and force the central bank to cut interest rates. New advertisements for Sydney homes dropped 21.5 per cent in the three months to April from a year earlier on the Domain real-estate website, according to a report on the site. Melbourne listings tumbled 23.3 per cent and the number of new homes for sale there is at the lowest in almost a decade, Domain data showed.
Tags : INTERNATIONAL