Home video guides Auction Insider: Sydney market sinks further

Auction Insider: Sydney market sinks further

By Kevin Turner

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Published 12 Mar, 2018

12/03/2018

Summary:

The holiday weekend in Melbourne impacted the number of auctions conducted there but major concern continues for the extremely low clearance rate coming out of Sydney according to Dr Andrew Wilson.

With just 61.5% clearance last weekend, Sydney is dangerously close to the benchmark sub 60% barrier that would indicate a very weak confidence level.

See the numbers for all cap city markets and get Dr Wilson’s expert overview.

With thanks to Real Estate Talk – the only place where you hear all Australasia’s leading property experts.

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Kevin Turner worked in radio as General Manager of various east coast radio stations. He started in real estate in 1988 and was ranked in the Top 10 Salespeople in the state until he was appointed as State CEO 1992. He operated a number of real estate offices as business owner and was General Manager of several real estate offices in Christchurch. He now hosts a real estate show on Radio 4BC and a weekly podcast at www.realestatetalk.com.au. He is the host of a daily 7 to 10 minute podcast show for real estate professionals at www.reuncut.com.au.

Read more articles by Kevin Turner

Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.

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