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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 (might need AFR login access)

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