Sydney Homes for Sale Drop to Lowest in 3 Years, SQM Says
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Homes listed for sale in Sydney, Australia’s most populous city, plunged 23 percent in June from a year earlier, the lowest level since March 2010, suggesting a housing shortage, according to SQM Research Ltd.
The number of properties on the market in Sydney dropped to 23,707, the Sydney-based researcher said in an e-mailed release. Listings across all major Australian cities fell 5.4 percent from 12 months earlier.