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1.Market Observations, 8.Was Sticky

8 May 2017 (AFR) – Auction clearances hold: no clear evidence of market slowdown, CoreLogic says

(8 May 2017, AFR, p3,by Michael Bleby)

‘Falling volumes kept the auction clearance rate little changed around the 74 per cent mark in another week in which Melbourne performed more strongly than Sydney. The preliminary national clearance rate of 74.6 per cent was a marginal rise on the previous week’s 74 per cent, and was based on the results of 1365 auctions reported – out of a scheduled 1662 – marking a large drop from 2350 auctions a week earlier, CoreLogic figures released on Sunday showed.’

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

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