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Property markets in Australasia up and down

Property markets in Australasia up and down (News (General))

by administrator @, Wednesday, June 17, 2009, 20:12

The property market in Australasia is experiencing a mixed ride with some parts of the region reporting signs of recovery and others still struggling.

In New Zealand the latest published figures show that the numbers of new property listings have declined for the third month in a row, with listings in May dropping a further 5% on April.

It would appear that many sellers are adopting a wait and see attitude and only listing their property for sale if they have to. The May NZ Property Report shows that listings are now down 29% since the same time last year.

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