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The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling the pressure of increased loan servicing costs.
The total number of listings on the national property market averaged around 132,700 in April, RP Data said last week. This compared to just 76,100 during the same time last year – a significant 74 per cent increase.
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RP Data said new listings continued to track just above the twelve month average, while total listings continued to climb due to lower market demand.
Published: 19-05-08
