Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 8-Aug-16

Preliminary data from Corelogic shows that Sydney boasted a residential auction clearance rate of more than 80 per cent on the weekend of 6-7 August 2016, compared with 78.3 per cent at the same time in 2015. The clearance rate in Melbourne was 76.1 per cent, down from 78.5 per cent a year ago. The Reserve Bank’s move to reduce the cash rate to a record low of 1.5 per cent prompted renewed activity among first-home buyers, although auctioneer Damien Cooley notes that they are still being edged out by property investors.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, GOODYER DONNELLEY REAL ESTATE, BELLE PROPERTY PTY LTD, McGRATH LIMITED – ASX MEA, CBRE PTY LTD, HOCKING STUART PTY LTD, RAY WHITE REAL ESTATE