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

10 Feb 2020 (AFR) – Home auctions: Clearances hit 80pc even as listings double

(10 February 2020, AFR, p6, Larry Schlesinger, Reporter)

‘Auction clearance rates jumped to 80 per cent in Sydney and 75 per cent in Melbourne this week, even as listing numbers more than doubled, providing strong evidence of the strength of the rebounding housing market. In weaker markets, a rise in auction listings would normally trigger a drop in the clearance rate, but buyers – especially those purchasing their first home – have snapped up the higher number of homes for sale after being starved of opportunities previously.’

Read more at AFR.com (might need AFR login access)

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 )

Connecting to %s

%d bloggers like this: