There will ‘certainly’ be a slowing of price growth in the property market

REA Group Economist Angus Moore says “a lot more” properties are beginning to come to market.

“We’re certainly starting to see a lot more properties come to market which will come as real relief for buyers who for much of last year were facing pretty few options to choose from and very stiff competition,” Mr Moore told Sky News Australia.

He said, however, auction clearance rates “remain quite high”.

“We don’t think we’ve tipped from a seller’s market to a buyer’s market just yet, but certainly we will start to see some slowing in price growth.”

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