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Row of townhouses on street

9.3% drop in listings marks the start of 2017

Big industry names such as Domain and McGrath both felt the pinch as the start of the year saw a national drop in listings by 9.3%. Melbourne felt the contraction albeit at a much lower rate of 4%.

Limited supply contributed to a climb in prices as buyers fought for fewer listings. Factors contributing into the shrinking of stock levels include fears surrounding household debt levels, potential interest rate increases and affordability sentiments.

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