Property News · October 22, 2018

Sydney property slowdown bites as auction clearance rates tumble to the lowest in a decade


Sydney’s housing market is facing the toughest conditions since the global financial crisis after auction rates slumped again at the weekend, with analysts predicting that the slowdown could get much worse in the months ahead.
Australia’s biggest city saw only 44 per cent of 567 listed properties sold at the weekend, according to Domain, the lowest preliminary clearance rate for a decade. The figure is likely to be revised down below 40 per cent, a level of downturn not seen for a…

Source : South China Morning Post
Read more…Sydney property slowdown bites as auction clearance rates tumble to the lowest in a decade

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