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Property market braces for spring leap in listings

The housing drought is breaking, with more homes flowing on to the market as spring heats up and key cities cool after the prolonged boom and a crackdown on investor lending. In Sydney, the country’s hottest market for the past five years, listings are growing, but not enough to cause a flood or pull prices down dramatically, according to Ray White chairman Brian White. “One of the best litmus tests of market change is a surge in listings. We are seeing ­adequate listings, but no surge for spring, ” he said. Chairman of agency Century 21, Charles Tarbey, said there had been a “modest” rise in stock but this was expected to increase over the next few weeks. “The market (in Sydney) is starting

 
 
 

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