By Aidan Wondracz For Daily Mail Australia
Published: 05:24 BST, 25 May 2019 | Updated: 09:09 BST, 25 May 2019
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Plunging prices in the housing market could be set to recover with double the amount of properties listed for auction this week from last week.
Already, close to 2,000 homes have been placed on auction across the country, which is twice the number of properties listed last weekend during the Federal Election.
Weekend sales are said to be a strong indication of which way the market will go, and strong sales numbers could indicate a resurgence for sellers.
Economist Jason Murphy wrote for news.com the jump in the number of auctioned homes was one of the many good signs this side of the national vote.
'Negative gearing changes are out and the change to the capital gains tax are not happening,' he wrote.
'These are likely to have a positive effect on prices, but how big will it be?'
Plunging prices in the housing market could be set to recover as weekend sales are said to be a strong indication of which way the market will go (stock picture)
Already close to 2,000 homes have been placed on auction across the country, double the number of properties listed last weekend during the Federal Election (stock picture)
The positive outlook comes amid some of the largest price drops in a decade.
Earlier this year, CoreLogic
