Real estate jitters hit auctions as Sydney and Melbourne show signs of cooling

Posted by Simon Dehne on October 28, 2015 in Latest News with No Comments


property_auctionThe Sydney and Melbourne property markets are showing signs of cooling off, with auction clearance rates dropping over the past week.
Auction clearance rates in Sydney fell to 65.1% over the past week, the lowest in three years, with 530 out of 874 listed properties selling. Clearance rates in Melbourne were 73%, with 957 sales out of 1,233 listed properties.

 

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