General
Fewer Properties Selling At Auction
According to the CoreLogic Quarterly Auction Market Review, the combined capital city clearance rate for the June 2018 quarter fell 6.8 per cent to just 57.8 per cent, making it the lowest quarterly result since December 2012 (which was 50.9 per cent).
The auction market has clearly been impacted from home values softening across Australia’s largest markets throughout 2018, with weekly clearance rates progressively declining over the last 3 months as fewer properties sell at…
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