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Solid start for early-season Sydney auction market | Dr Andrew Wilson

Sydney’s 2015 weekend auction market commenced in earnest at the weekend with a solid clearance rate from typically modest early –season auction numbers. The Saturday clearance rate of 70.5 percent was well below the 80 percent recorded over the same opening weekend last year and also below the 76.3 percent recorded over the final Saturday...
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Solid result from low listings for Melbourne auction season opener | Dr Andrew Wilson

Melbourne’s 2015 auction season commenced in earnest at the weekend with a solid clearance rate although auction numbers were low. Last Saturday’s clearance rate of 72.7 percent was higher than the 67.6 percent result recorded over the final auction Saturday last year on December 20th and just below the 73.6 percent result on the same weekend...
tax
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Expanding the GST won’t help, it would hit the ‘middle’ and women the hardest

The rich are getting richer while at the same time paying less tax. But expanding the GST won’t help writes Patricia Apps from the University of Sydney Many developed economies have experienced a significant increase in inequality in recent decades. Survey data for Australia show that the share of the top 10% of the income distribution, and more...

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