AUC­TIONS ON SLIDE

The Daily Telegraph (Sydney) - - News -

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.

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