Property’s Spring Season Is A Damp Squib...

The Australian Property markets are teetering on the edge thanks to the expectation of more rate rises in the weeks ahead, including potentially one at the end of September, and another on Melbourne Cup Day in November, while auction listings are up a little, but clearance rates fell this week compared to last, according to the Cotality preliminary clearance date. They say that the number of scheduled auctions for the week to Saturday picked up to 1832 from 1585 a week earlier and the preliminary combined capital city auction clearance rate dipped to 54 per cent from 58.5 per cent a […]