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1.Market Observations, 8.Was Sticky

22 May 2017 (AFR) – Sydney, Melbourne property market fires back up as auction clearance rates surge

(22 May 2017, AFR, p6, by Larry Schlesinger)

‘Clearance rates surged in Sydney and Melbourne on the sixth biggest auction weekend of the year, suggesting talk of a downturn in the housing market may be premature. In Sydney where there were 1053 scheduled auctions, CoreLogic recorded a preliminary clearance rate of 80.7 per cent, up from a final 74.5 per cent last week – the strongest result since April 9.’

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

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