REA Group’s Cam Kusher says 2022 will bring a “big rebound” in new property listings if lockdowns – which are causing a “fallaway” in dwellings on the market – stay in place until the end of the year.
“Ultimately, the lockdowns that we’re now in has seen a big fallaway in the number of new properties coming to the market,” he told Sky News Australia.
“So both in Sydney and in Melbourne last month we saw quite substantial falls, and I wouldn’t be surprised if we saw further falls.
“The falls in new listings won’t be as dramatic in Sydney and they will be in Melbourne because people simply don’t have the option for one-on-one in section.”
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