Australia: Property lenders turn cautious as Melbourne auction listings set to rise

Realopedia Global Real Estate Portal

Melbourne real estate sales dipped to a mid-winter low on Saturday, with fewer than 500 properties going to auction. But listings are set to ramp up strongly from August and the only blips on the horizon for buyers are likely to be a reduced capacity to borrow and a continuing shortage of A-grade properties.

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Source : Australia: Property lenders turn cautious as Melbourne auction listings set to rise