House prices tipped to fall faster as tighter credit rules hit buyers

Original article by Michael Bleby
The Australian Financial Review – Page: 6 : 15-Oct-18

Sydney’s residential property market boasted a preliminary auction clearance rate of 52 per cent in the week ended 13 October, compared with a preliminary clearance rate of 53.5 per cent for the previous week. The preliminary clearance rate in Melbourne was 52.1 per cent, down from 54.4 per cent previously. The national preliminary clearance rate was also lower than the previous week, and Maria Magrin of Belle Property says prospective buyers are finding it harder to secure credit prior to auction.

CORPORATES
BELLE PROPERTY PTY LTD, CORELOGIC AUSTRALIA PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MORGAN STANLEY AUSTRALIA LIMITED, AMP CAPITAL INVESTORS LIMITED

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