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1.Market Observations, 8.Was Sticky

5 June 2017 (AFR) – Auction clearance rates drop further in Sydney and Melbourne

(5 June 2017, AFR, p3, by Matthew Cranston)

‘Sydney and Melbourne auction clearance rates slipped again on the weekend and agents selling the most expensive homes said the intensity of demand for established homes had started to ease. While the weekend results showed the second and third consecutive weeks of lower clearance rates for Melbourne and Sydney respectively, according to Domain, there were still some eye-catching sales.’

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

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