Buyers wrest back control as new listings hit decade-high level
As the property market's runaway price growth that has seen 21 consecutive monthly gains finally shows signs of nearing an end, buyers are capitalising on the decreased level of competition and greater choice.
Buyers are now enjoying a shift in property market sentiment back towards them after years of continual price rises. (Image source: Shutterstock.com)
For three years sellers having been calling the shots as desperate buyers have contended with bidding wars and, in many parts of the country, a property price buying frenzy that has delivered hefty capital growth.
But the tide is turning and property buyers are the ones expressing relief that levels are falling before they were overwhelmed.
In the capital cities, new listing volumes in October were at their highest level for a decade, according…
