REA Group chief executive Owen Wilson says the real estate listings market is the healthiest he has seen in a decade despite lacklustre house price growth and a long period of higher interest rates.
Mr Wilson, who is retiring from the News Corporation-controlled real estate listings giant, said he expected more properties to hit the market in the first three months of the year even as prices faltered in major cities.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
