AUS : Housing market flooded but few buyers

Written by admin on July 5, 2008 – 9:28 pm

STRESSED home owners and investors are flooding the market with thousands of houses but agents say they can’t find any serious buyers for some properties.

As home mortgage lending in Queensland dives for the second consecutive quarter, the number of houses for sale is up 150 per cent compared with the same time last year.

There were 4750 new listings added this week – 1842 in Brisbane.

» Housing market flooded but few buyers – The Courier Mail, 5th July 2008.

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