{"id":40778,"date":"2022-11-05T17:16:05","date_gmt":"2022-11-05T04:16:05","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40778"},"modified":"2022-11-05T17:16:05","modified_gmt":"2022-11-05T04:16:05","slug":"melbournes-plunging-property-market-has-sellers-spooked","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbournes-plunging-property-market-has-sellers-spooked\/","title":{"rendered":"Melbourne\u2019s plunging property market has sellers spooked"},"content":{"rendered":"<p><strong>PHOTO: Melbourne. FILE<\/strong><\/p>\n<section class=\"_1Rw6X\" data-testid=\"article-body-top\">\n<div class=\"_1ysFk\" data-testid=\"article-body\">\n<div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Melbourne\u2019s homeowners are being spooked by the fastest falls in house prices ever and deciding not to list their homes for sale this spring, new figures show.<\/p>\n<p>The regular seasonal rush has failed to materialise, with new listings up just 0.6 per cent in October from the previous month, SQM Research figures show.<\/p>\n<figure class=\"_3ujPS _3x3-4 RMwbY _2XZQH\" data-testid=\"image\">\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e, https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e 2x\" media=\"(min-width: 1024px)\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e, https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e 2x\" media=\"(min-width: 768px)\" \/><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e, https:\/\/static.ffx.io\/images\/$zoom_0.15%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/d4cc0b4e0108999f54be8ca8706ddbd47e53813e 2x\" alt=\"Homeowners are hesitant to list their homes for sale, not even tempted by rising attendance at open for inspections.\" width=\"584\" height=\"390\" \/><\/picture><\/div><figcaption class=\"_3CZmy\"><em><strong><span class=\"_2Li3P\">Homeowners are hesitant to list their homes for sale, not even tempted by rising attendance at open for inspections.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT:<\/span>JASON SOUTH<\/cite><\/strong><\/em><\/p>\n<\/figcaption><\/figure>\n<p>Potential sellers are not even tempted by the prospect of getting more attention from buyers, who are returning to the market to find a bargain. Attendance at open for inspections is up and auction bidder numbers are stabilising.<\/p>\n<p>Experts say sellers have been scared off by the plunge in house prices across the city,\u00a0down 4.3 per cent in the September quarter\u00a0on Domain data \u2013 the fastest fall on record as\u00a0interest rates jump.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Across Australia, October was the slowest spring for new listings since October 2012, when the market was also in a downturn.<\/p>\n<p>It marks a contrast to a year ago when new listings nationally were at the highest levels ever after a lockdown-interrupted winter.<\/p>\n<p>\u201cSellers don\u2019t like selling in downturns,\u201d SQM Research founder Louis Christopher said.<\/p>\n<p>\u201cThey\u2019re only doing it if they need to \u2013 if there\u2019s been a death, divorce, or they\u2019re desperate to sell because they\u2019ve lost their job.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"vPaWe\" data-testid=\"article-body-bottom\">\n<div class=\"_1ysFk\">\n<div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>While seller numbers plummeted, buyer interest rose in October. At open for inspections, average check-ins per listing were up 9.1 per cent compared with September, Domain figures show.<\/p>\n<p>The number of active bidders at auctions has also stabilised. Through June and July, the average number of bidders held between 2.2 and 2.5. Rather than falling further as the price downturn gathered pace, average bidder numbers have held at least at this level and edged as high as 2.9 in spring.<\/p>\n<div class=\"_6ebFV noPrint\">\n<div class=\"\"><iframe class=\"_16-Dw AkZ3C lazyload\" title=\"Embedded iFrame\" data-src=\"https:\/\/www.smh.com.au\/interactive\/modules\/graphic-embed\/?resizable=true&amp;v=645&amp;configUrl=https:\/\/www.smh.com.au\/interactive\/hub\/configs\/graphic-embed\/11249.json\" height=\"774\" frameborder=\"0\" scrolling=\"no\" data-testid=\"embed-iframe\" data-mce-fragment=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/div>\n<\/div>\n<p>Ray White Carnegie partner and auctioneer Tom Grieve said market conditions were extremely tight and home sellers on the market now were getting the attention of more buyers.<\/p>\n<p>\u201cAt the same time last year we were having 1500 auctions every weekend, but this year there\u2019s only been one weekend where we\u2019ve cracked 1000 auctions in October,\u201d Grieve said.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>This Saturday there are only 672 auctions scheduled.<\/p>\n<p>Buyers were hunting for newly built or renovated homes they could move into and enjoy, especially as building costs had blown out during the pandemic.<\/p>\n<figure class=\"_3ujPS _3x3-4 RMwbY _2XZQH\" data-testid=\"image\">\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3, https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3 2x\" media=\"(min-width: 1024px)\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3, https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3 2x\" media=\"(min-width: 768px)\" \/><img decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3, https:\/\/static.ffx.io\/images\/$zoom_0.229%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_22%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/111f36a9ef7a4bf71c4ec639fa430669c87963e3 2x\" alt=\"Fewer auctions are happening this year as home sellers are spooked by falling house prices.\" width=\"584\" height=\"390\" \/><\/picture><\/div><figcaption class=\"_3CZmy\"><em><strong><span class=\"_2Li3P\">Fewer auctions are happening this year as home sellers are spooked by falling house prices.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT:<\/span>PENNY STEPHENS<\/cite><\/strong><\/em><\/p>\n<\/figcaption><\/figure>\n<p>These are the buyers that Anna and Hayden Rattray are hoping will want their re-built heritage-style home in Carnegie.<\/p>\n<p>The couple is selling to buy a bigger family home for themselves and their four children, a bittersweet decision after being involved in the build and design.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Anna, a criminal lawyer, and Hayden, a barrister, are confident of a good sale despite the downturn after being advised their home was particularly sought-after.<\/p>\n<p>\u201cWe\u2019re hoping the person who buys our home will be looking at it as a forever home and love it as much as we did,\u201d Anna said.<\/p>\n<figure class=\"_3ujPS _3g3zI _4vIBa _2XZQH\" data-testid=\"image\">\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_0.6988%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0, https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_1.3975%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0 2x\" media=\"(min-width: 1024px)\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_0.7252%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0, https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_1.4504%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0 2x\" media=\"(min-width: 768px)\" \/><img decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_0.5855%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0, https:\/\/static.ffx.io\/images\/$zoom_0.174%2C$multiply_1.1709%2C$ratio_1.776846%2C$width_1059%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/3f4df59e8ee5163ea77a0e481c68d149a8af3ef0 2x\" alt=\"It\u2019s a bittersweet sale, say Hayden and Anna Rattray.\" width=\"620\" height=\"349\" \/><\/picture><\/div><figcaption class=\"_3CZmy\"><em><strong><span class=\"_2Li3P\">It\u2019s a bittersweet sale, say Hayden and Anna Rattray.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT:<\/span>SIMON SCHLUTER<\/cite><\/strong><\/em><\/p>\n<\/figcaption><\/figure>\n<p>Buyers\u2019 advocate Cate Bakos agreed that people were mainly searching for move-in ready homes, but these were hard to find amid the dearth of listings.<\/p>\n<p>\u201cI\u2019m asking agents about these homes all the time, and they\u2019re just eye rolling at me and saying \u2018if only I had one for you\u2019,\u201d Bakos said.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>She said vendor numbers had fallen this year as many had listed and sold during COVID-19 to make lifestyle changes.<\/p>\n<p>\u201cNow people know if they\u2019re listing, there\u2019s nothing to buy, and if they have to rent, finding a rental is nearly impossible \u2013 it\u2019s really a disincentive to sell,\u201d Bakos said.<\/p>\n<p>Commonwealth Bank head of Australian economics Gareth Aird said the low volume of homes for sale could mean house prices in some segments of the market hold up better, but property was cyclical.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<p>READ MORE VIA <a href=\"https:\/\/www.theage.com.au\/property\/news\/melbourne-s-plunging-property-market-has-sellers-spooked-20221103-p5bv7r.html\">THE AGE<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n<ul class=\"wpp-list wpp-list-with-thumbnails\">\n<li><a href=\"https:\/\/www.propertynoise.co.nz\/jacinda-ardern-responds-to-quitting-moving-to-new-plymouth\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96715-featured-75x75.png\" 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data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96744-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96744-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96744-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96744-featured-75x75@2.5x.jpg 2.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96744-featured-75x75@3x.jpg 3x\" alt=\"Roommates laughing out loud on the sofa\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; --smush-placeholder-aspect-ratio: 75\/75;\" \/><\/a><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/aussies-poke-fun-at-the-eye-watering-price-a-real-estate-agent-is-asking\/\" target=\"_self\" rel=\"noopener\">Aussies poke fun at the eye-watering price a real estate agent is asking<\/a><\/li>\n<li><a href=\"https:\/\/www.propertynoise.co.nz\/claims-about-jacinda-arderns-wealth\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/91579-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/91579-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/91579-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/91579-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/91579-featured-75x75@2.5x.jpg 2.5x\" alt=\"housing crisis\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; --smush-placeholder-aspect-ratio: 75\/75;\" 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href=\"https:\/\/www.propertynoise.co.nz\/100-most-influential-real-estate-agents\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96338-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96338-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96338-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96338-featured-75x75@2x.jpg 2x, 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class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/64681-featured-75x75.jpg\" alt=\"Abandoned land\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; --smush-placeholder-aspect-ratio: 75\/75;\" \/><\/a><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/abandoned-land-for-sale\/\" target=\"_self\" rel=\"noopener\">Abandoned land for sale<\/a><\/li>\n<li><a href=\"https:\/\/www.propertynoise.co.nz\/struggling-to-pay-the-mortgage-why-you-dont-need-to-shower\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96763-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96763-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96763-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96763-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96763-featured-75x75@2.5x.jpg 2.5x, 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Why you don\u2019t need to shower!<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Melbourne. FILE Melbourne\u2019s homeowners are being spooked by the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/melbournes-plunging-property-market-has-sellers-spooked\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478110659,478098519,478106484,478098537,478109889,478099256,478123385,478123384,478098511,478098509],"class_list":["entry","author-data123nz","post-40778","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-greater-melbourne","tag-home-ownership","tag-inner-city-melbourne","tag-melbourne","tag-melbourne-agency","tag-melbourne-real-estate","tag-melbournes-homeowners","tag-ray-white-carnegie","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Melbourne\u2019s plunging property market has sellers spooked - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/melbournes-plunging-property-market-has-sellers-spooked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melbourne\u2019s plunging property market has sellers spooked - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Melbourne. 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