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Sharp fall to year low result for Melbourne auction market | Dr Andrew Wilson

The Melbourne weekend auction market reported a sharp fall in activity at the weekend with the clearance rate falling to the lowest recorded this year. The weekend result of 67.1 percent was well below last weekend’s 72.1 percent with the local market clearly tracking backwards since the Melbourne Cup weekend holiday. A surge in late…

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Sydney auction market keeps falling

Sydney November 22nd auction report: Sydney’s weekend auction market continues to track backwards with falling clearance rates recorded over the past three weekends. This weekend’s 73.5 percent result was the lowest recorded for 4 months and the third consecutive result below 80 percent for the first time this spring. Sydney commenced the spring selling season…

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