The “Hot” Auctions, Which Are Not So Hot…

The media was full of “news” about auction clearance rates this week, claiming that despite the RBA rate rise in the week, things were still hot and homebuyers seem unperturbed by the prospect of further rate hikes from the RBA. Just remember that much of the media is linked to the property sector, so we should always stop and ask whether they are telling the full story. According to property data firm Cotality the preliminary clearance rate hit 73.6 per cent, up from last week’s 69.7 per cent. It was the highest rate since the week of September 21 last […]