Auctions in Sydney fall to below 60pc

Original article by Mercedes Ruehl
The Australian Financial Review – Page: 3 : 9-Nov-15

Preliminary data from Domain Group shows that Sydney’s residential property market boasted an auction clearance rate of 59.2 per cent on the weekend of 7-8 December 2015. This is its lowest level in around three years, and Domain’s Andrew Wilson says it could fall further before the end of the year. The clearance rate in Melbourne rose from 66 per cent to 70 per cent.

CORPORATES
DOMAIN.COM.AU, RAY WHITE REAL ESTATE, LAING AND SIMMONS HOLDINGS PTY LTD, AUSIN GROUP

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