Clearance rates show a market in turnaround

Original article by Su-Lin Tan
The Australian Financial Review – Page: 6 : 9-Sep-19

Data from Corelogic reveals that Sydney recorded a preliminary auction clearance rate of 83.1 per cent on 7 September, while Melbourne recorded a preliminary clearance rate of 76.6 per cent. As in previous weeks, the number of homes listed for sale was over 20 per cent down in both cities when compared to the same time in 2018. Meanwhile, QBE’s latest Housing Outlook indicates that Sydney house prices will rise around 1.2 per cent in the year to June 2020, while Melbourne’s prices will be generally flat.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, QBE INSURANCE GROUP LIMITED – ASX QBE

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