PHOTO: 2019 hasn’t had a flying start. Photo: Peter Rae
Melbourne’s property market anxiety is yet to recede, as low listings volumes point to vendors holding off on auctions while the Financial Services Royal Commission’s final report looms.
Urgency has left the market, leaving buyers with more wriggle room to haggle, agents say.
Clearance rates are tipped to remain low as auction season kicks off next month.
But the biggest consideration for both buyers and sellers was the imminent arrival of Kenneth Hayne’s final report into banking misconduct, Domain economist Trent Wiltshire said.
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