24.01.2012 - Australia: Property taking longer to sell as stock levels hit record highs in some areas: RP Data |
The glut of property sitting unsold on the market means 2012 buyers could find reduced prices in capital city markets given vendors face lengthy blowouts in the number of days on market before sale. Premium housing has recorded the highest blowout in the average time on market before sale, according to a RP Data survey. Perth's Cottesloe houses are currently taking up to 160 days to sell, up by 74 days over the year...............................................Full Article: Source |