Stale Listings and Distress Sales Put Australian Property Sellers on the Back Foot

More than 25% of homes on the market have sat unsold for six months, and some suburbs have more than half of their listed properties waiting for a buyer beyond 180 days. That’s not a quick pause; it’s a test of sellers’ willingness to meet the market.

• Melbourne: Some owners are dropping prices and advertising that they “must sell”; experts warn the trend may increase.
• Sydney: Sellers in parts of the city are seeking urgent sales, with high...