Original article by Olivia Caisley
The Australian – Page: 5 : 29-Oct-18

Preliminary data from CoreLogic shows that Sydney boasted a residential auction clearance rate of 50.7 per cent on the weekend of 27-28 October, compared with 58.3 per cent for the previous corresponding period. Melbourne’s preliminary clearance rate was 49.8 per cent, down from 70.2 per a year ago. More than 2,900 homes went under the hammer across Australia, although the national clearance rate was just 50 per cent. Shane Oliver of AMP Capital expects the housing market weakness to persist into 2020.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, AMP CAPITAL INVESTORS LIMITED