In the Beecroft and Cheltenham areas, the "patch" for Ray White Beecroft, and probably throughout Sydney, the number of properties listed for sale fell dramatically last November, after the Reserve Bank's rate rise and the accompanying media storm.
Listings are now recovering, with nearly as many properties listed for sale as at the last peak. However buyer interest is depressed and clearance rates at auction are low.
If, as seems likely, interest rates go up next month, a fall in house prices seems certain.
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