You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

28 May 2018 (AFR) – Auction bounce back for Sydney, Melbourne but market still ‘unforgiving’

(28 May 2018, AFR, p3, by Matthew Cranston)

‘Bargain hunters have jumped back into the housing market sending auction clearance rates back above 60 per cent in Sydney and Melbourne, but agents and experts don’t expect a recovery in house prices any time soon. Economists’ predictions of further falling house prices did not deter buyers at the weekend whose bidding at auctions delivered a 63 per cent clearance rate in Sydney, up from 48.7 per cent, according to Domain. Melbourne edged higher to 61.3 per cent from 57.3 per cent.’

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

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Advertisements
%d bloggers like this: