Here’s another sign that Australia’s east coast housing market is slowing down

PHOTO: From CoreLogic, it shows the average number of days it takes to sell a property across all of Australia’s capital cities.

Australia’s housing market is slowing down, especially in the once-hot southeastern capitals.

Prices are falling in nominal terms in many Australian cities, auction clearance rates are weakening and growth in housing debt is slowing, particularly to investors.

Here’s further evidence that the market is slowing down.

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