LISTING ACTIVITY
Over the past month , we ’ ve seen a lift in the number of properties for sale . There are a number of drivers for this . On one hand , rising interest rates and continued negativity towards landlords has led to an increase in the number of investors selling . More positively , increasing prices are encouraging more people to sell .
Ray White listing authorities didn ’ t increase in August as they had in July , though new listings could still increase if more authorities are converted into published listings . Authorities are seen as a strong lead indicator for future listings , with a lead of about a week before authorities become listings visible on the market .
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