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1.Market Observations, 8.Was Sticky

29 July 2019 (AFR) – Buoyant buyers boost property sales

(29 July 2019, AFR, p3, Duncan Hughes, Reporter)

‘Clearance rates for weekend auctions increased by up to 40 per cent compared to the same time last year as buyers continue to be buoyed by lower rates, improving sentiment and fear of missing out on lower prices. But the number of properties listed for sale remains comparatively low, particularly at the top end of the market in Melbourne and Sydney, as many sellers wait for spring, traditionally the busiest time of the year.’

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

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