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AAP
AAP
Business
Nick Wilson

Home buyers in 'driver's seat' but owners holding fire

Gerard Burg Cotality Simon Cohen Australia
The number of new listings of homes has decreased in all Australian capitals except Adelaide. (Joel Carrett/AAP PHOTOS)

Australia's spring property season is shaping up to be unusually sluggish, as sellers retreat from a weak market and unsold homes pile up.

New property listings in the four weeks leading up to August 23 were 8.2 per below the five-year average, property analytics firm Cotality data shows.

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