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1.Market Observations, 8.Was Sticky

14 Nov 2016 (AFR) – Owner occupiers power auction clearances in sellers’ market – Sydney and Melbourne auction clearances up as sellers sit on the sidelines

(14 November 2016, AFR, p3, by Nick Lenaghan)

‘Auction clearance rates in Sydney and Melbourne strengthened in the past week as buyers shrugged off any immediate concerns that global rates could rise under the Trump presidency. In Sydney, the preliminary clearance rate was 84.2 per cent, up from 78.8 per cent last week, according to CoreLogic. The number of Sydney auctions listed was…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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