| From Abc.net.au: It has been a turbulent time in the Perth Property sector this year with most properties now sitting on the market for around three months before being sold. David Airey, President of the Real Estate Institute of Australia, says the biggest challenges this year in the real estate market were too much stock and overpriced properties.
"While the market's been adjusting down, as buyers keep making offers - under-asking prices and sellers adjust those prices. That's been the biggest challenge for agencies to try to gear to sellers to meet the market," Airey said..............................................Full Article: Source
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