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1.Market Observations, 8.Was Sticky

6 Feb 2017 (AFR) – Weekend auctions: low volumes spike prices – ‘Fierce’ rivalry for few properties

(6 February 2017, AFR, p3, by Michael Bleby)

‘The Sydney and Melbourne property markets picked up on the first significant weekend of the year from where they left off at Christmas, with cheap money pushing strong competition for the few available properties. The national clearance rate dipped to a preliminary 70.8 per cent in the week to Saturday from 71.6 per cent a week earlier as the number of scheduled auctions more than doubled to 867 from 368, CoreLogic figures showed on Sunday.

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

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