Sellers beware: Auction action could be slowing to 50 per cent

Original article by Nick Lenaghan
The Australian Financial Review – Page: 6 : 2-Oct-17

House auctions in Melbourne and Sydney on the weekend of 30 September-1 October were impacted significantly by the AFL and NRL grand finals respectively. Just 118 auctions were held in Melbourne, down from 1,361 for the previous weekend, although the clearance rate rose from 70.6 per cent to 89.4 per cent. Sydney auctions fell from 1,033 to 597, while its clearance rate increased from 65.9 per cent to 69.1 per cent. Louis Christopher from SQM Research expects clearance rates in both October and November to decline.

CORPORATES
SQM RESEARCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, BELLE PROPERTY PTY LTD, UBS GLOBAL REAL ESTATE INDEX

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