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Australia’s housing market hits record prices and demand despite fewer homes for sale.
Australia's property market remains strong despite an 8% year-on-year drop in for-sale listings, which are still 3% above the seven-year average.
National home prices rose 6.2% annually for nine consecutive months, reaching record highs, while website visits hit a record 151 million in August, signaling robust demand.
REA Group CEO Owen Wilson attributed the market's resilience to strong fundamentals and potential future interest rate cuts, expecting sales volumes for the current financial year to remain stable.
Wilson, retiring after a decade with the company, will be succeeded by Cameron McIntyre, former CEO of Car Group.
El mercado de la vivienda en Australia alcanza precios y demanda récord a pesar de que hay menos casas en venta.