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Article: Auction results reflects buyers' anxiety.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 10, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jason Clout
Feb 10, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Most Australian capital city property markets experienced a slow weekend on 9 and 10 February 2008. Nevertheless, the auction clearance rate in Melbourne was still a solid 68.8 per cent over the weekend. Paul Nugent, of Wakelin Property Advisory, claims there are early indications that prices have neither risen nor fallen since December 2007. Sydney's auction clearance rate was 57.6 per cent over the weekend. Early February is traditionally a slow period for auctions, although ...