Home Prices ”T’is But A Flesh Wound...”

The prospect of another interest rate rise on Melbourne Cup day has shaken buyers’ confidence, sending auction clearance rates to their lowest level in seven months, data from CoreLogic shows. Preliminary results show 68.5 per cent of the reported auctions across the combined capital cities were successful, which is 2.3 percentage points lower than the previous week and weaker than the average for this time of the year. It comes as the number of homes taken to auction soared to 3383, which is the largest volume since the week before Easter last year. Tim Lawless, CoreLogic research director, said such […]