Election Day Subdues Auction Markets

Election day predictably acted to further subdue already quiet auction markets and although clearance rates were relatively solid overall, intransigently low listing numbers continue to impact all capitals.
With the quieter winter selling season now approaching fast, hopes for a consolidated market revival – particularly from sellers, rest optimistically on a spring bounce – but don’t hold your breath.
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Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.

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