Health concerns and stay-at-home orders led to fewer patrons looking for properties and fewer sellers keen to record their properties or allow strangers to enter their homes during a pandemic. As far as right now’s stock goes, supply has been very low lately, and the coronavirus pandemic solely worsened issues. With sellers leery about having strangers in their properties — to not mention loads of financial uncertainty — the variety of for-sale listings plummeted in 2020, at one level reaching its lowest degree ever recorded. Listings have since recovered barely but still stay fairly low. It’s potential widespread vaccinations will assist loosen supply constraints and get sellers back on the market, however, in fact, only time will inform.
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- Australian housing costs have risen for the 14th month in a row,