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flag Australia’s housing market hits record prices and demand despite fewer homes for sale.

flag 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. flag 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. flag 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. flag Wilson, retiring after a decade with the company, will be succeeded by Cameron McIntyre, former CEO of Car Group.

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