Record listings contribute to negative equity fears
Record listings and softer demand are giving buyers more negotiating power, but ANZ’s latest forecasts raise the prospect of negative equity for highly leveraged recent buyers.
Melbourne’s total listings rose 15.5 per cent in July and were 42.8 per cent higher than a year earlier. (Image source: Luke Francis)
Australia’s housing market is entering a more buyer-friendly phase, with a surge in listings giving purchasers more choice while raising the stakes for recent buyers who entered the market with small deposits.
Domain’s July Market Insights, released Tuesday (11 August), found total housing supply across the combined capital cities had reached its highest level in seven years, while new listings hit a record July high. At the same time, SQM Resear…
