Property Pressure Building…

It clearly looks like the property chickens are coming home to roost, as the financial pressures continue to build on many households, and it looks like the national auction clearance rate, at best a muddy measure of anything, is likely to fall below 50 per cent for the fifth week in a row as the federal budget’s tax changes continue to weigh heavily on buyers in the soft market. It is a big turnaround from this time last year when clearance rates were 65 per cent and price growth was beginning to accelerate, mostly due to the first interest rate cuts […]