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1.Market Observations, 8.Was Sticky

2 July 2018 (AFR) – ‘Fundamentally softer’, Sydney market to finish down 5pc

(2 July 2018, AFR, p3, by Larry Schlesinger)

‘House prices in the country’s biggest property market will end the fiscal year down close to 5 per cent as auction clearance rates in Sydney again tracked close to 50 per cent over the weekend, reflecting the “fundamentally softer” market conditions. In Melbourne, where auction clearance rates have slid below 60 per cent, house prices will end the financial year almost flat, according to CoreLogic’s Daily Index.’

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

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