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1.Market Observations, 8.Was Sticky

24 Apr 2017 (AFR) – UBS is ‘calling the top’ of the property boom

(24 April 2017, AFR, p1, by Matthew Cranston)

Dwelling price and auction clearance rates‘The booming housing market could finally be about to turn as auction clearance rates fell back over the weekend and analysts from investment bank UBS “calling the top”. Clearance rates in the biggest housing markets of Sydney and Melbourne fell back into the mid-70 per cent range over the weekend – Sydney saw its lowest clearance rate for the year – after weeks of results above 80 per cent.’

Read more (and see several relevant graphs) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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