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1.Market Observations, 8.Was Sticky

30 July 2018 (AFR) – Signs of life in auction markets in run up to spring

(30 July 2018, AFR, p3, by Nick Lenaghan)

‘The national auction market has held onto recent gains with clearance rates well above 50 per cent in Sydney and Melbourne even as volumes increased. A steady result is a good result in Sydney, where the slowing market had left a trail of below-50 per cent clearance rates until a rebound last week. With 465 homes listed in Sydney, the preliminary clearance rate is 56.6 per cent on CoreLogic figures. Last week the final rate for Sydney was…’

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