PHOTO: Housing turnover has fallen to its lowest levels since 2013.
It’s a trend that has ramifications for the property industry, the broader economy and all those keenly wondering where prices are heading next – Australians are buying and selling fewer properties.
FULL REPORT: Housing turnover and house prices: A fractured relationship?
The national housing turnover rate — the number of properties bought and sold divided by the total number of properties — has fallen to the lowest level since 2013. In Melbourne and Sydney, housing turnover is close to 20-year lows.
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