Saturday, February 16, 2019

Some good news – this weekend’s auction results well above last year’s lows

A predictable surge in auction listings this weekend has failed to dampen rising optimism that buyers perhaps are now slowly shrugging off last year’s doom and gloom.andrew-wilson
Weekend clearance rates in Melbourne and Sydney were similar to last weekend’s results and again well above the record low levels recorded in the bleak end to last year’s market.
The smaller capitals also produced heartening results for sellers reflecting national markets generally on the rise.
Challenges remain and the season is only two weekends old with another surge in listings expected next weekend.
But the sceptics who were out in force following last weekend’s better than expected results may just have to start whistling a different tune sooner rather than later.
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