Auction clearances hit a ceiling

Original article by Michael Bleby
The Australian Financial Review – Page: 2 : 16-Sep-19

Data from Corelogic reveals that Sydney recorded a preliminary auction clearance rate of 80.3 per cent on 14 September, while Melbourne recorded a preliminary clearance rate of 75.7 per cent. Nationally, the preliminary auction clearance rate came in at 75.7 per cent, down from the previous weekend’s preliminary clearance rate of 77 per cent. Industry observers note that general fears about a weak economy are prompting potential vendors to hold back on listing their property.


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