Original article by Su-Lin Tan
The Australian Financial Review – Page: 3 : 19-Mar-18
Preliminary data from CoreLogic shows that Sydney’s residential property market boasted an auction clearance rate of 67.8 per cent in the week ended 18 March, compared with 76.8 per cent at the same time in 2017. Melbourne’s clearance rate fell from 77 per cent previously to 68.9 per cent. Damien Cooley of Cooley Auctions says it is too soon to suggest that Sydney and Melbourne have become buyers’ markets.
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