Auctions lack that spring in their step

Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 25-Jul-16

Preliminary data from CoreLogic shows that Sydney’s residential auction clearance rate was 75.3 per cent in the week to 23 July 2016, with 448 homes going under the hammer. The clearance rate in Melbourne was 72.4 per cent, with 515 properties scheduled for auction during the week. Both cities recorded a sharp fall in auction numbers compared with the same period in 2015. James Andrews of Ray White Thornleigh expects an upturn in homes put up for auction as the Spring selling season approaches.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RAY WHITE REAL ESTATE, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, GREG HOCKING GROUP PTY LTD, HODGES REAL ESTATE

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