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NSW leads new residential listings activity: RP Data

New South Wales leads Australian states in new residential listings activity, up 14.6% (seasonally adjusted) in the month to March 31, according to the latest information from RP Data.

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The RP Data Property Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market. The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.

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