The majority of the correction to house prices had played already,, Mr McGrath said. Yet to come is a wave of fixed-rate mortgages set to roll off over the next year.
For McGrath, the volume of listings rather than the price at which homes are sold has a greater impact on revenue, Mr McGrath said. “We have seen a short-term tightening of listings. We’re starting to see a few green shoots for this spring. It’s too early to tell if that’s a longer-term trend.”
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