AUCTIONS ON SLIDE
TIGHTER lending rules and fears of tax changes have slashed auction clearance rates across Australia. Sydney’s clearance rate at the weekend was below 52 per cent, CoreLogic’s Kevin Brogan (right) said. This time last year 916 houses were offered, with 64.2 per cent selling. However, this weekend only 665 houses were offered, with a clearance rate of 51.92 per cent.