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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

19 Dec 2016 (AFR) – Robust 2017 forecast as auctions post strong finish

(19 December 2016, AFR, p3, by Nick Lenaghan)

‘Next year’s housing market is headed for a healthy start after the 2016 selling season closed strongly over the weekend. With only a trickle of auctions to come in the final week before Christmas, the final weekend of the season posted robust results even as activity eased from the selling surge of the previous four weeks. Nationally, the clearance rate fell only slightly to 70.5 per cent, down from last week’s 71.6 per cent. The number of properties taken to auction…’

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