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Sydney homes for sale plunge to 3-year low as demand recovers

Posted on 04 February 2013

Sydney home sale listings plunged 13 percent in January from a year earlier to the lowest level in three years as interest rate cuts spur property purchases, according to SQM Research Pty.
Homes offered for sale online dropped to 23,467 in Sydney, the lowest level of January listings since 2010, the research group said in an e-mailed statement. Across Australia, property listings declined 2.9 percent from a year earlier to 335,429, the Sydney-based company said……………………………………..Full Article: Source


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