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Property listings fell in September

SQM Research recorded a fall in housing sales in September due to the elections.

The amount of Australian properties listed for sale fell in September according to the latest figures from SQM Research.

Across the country, residential property listings fell by 3.4 per cent to 342,979. It is thought that this decline in houses for sale was due to the general election taking place during the early part of the month.

Managing director for SQM Research Louis Christopher said: "No doubt September’s supply was affected by the election. Normally, listings rise for that month due to the start of spring selling campaigns."

Around the weekend that the general election was taking place, auction volumes also fell somewhat in Sydney and Melbourne while sellers awaited the result before deciding whether or not to put their house on the market.

As the September elections have come to an end and house listings usually rise during the spring months, SQM Research predicts that this will be the case in October and November.

Posted by Ravin Chatlani



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