27.10.2008 - Australia: Buyers beware as housing market stalls

From News.com: Clearance rates again crashed to record lows over the weekend, with the lure of the increased first-home owners grant failing to offset buyers' concerns about the global financial crisis. In Sydney, the auction clearance rate plummeted to 39.6 per cent, 10 points lower than the figure recorded last weekend and 24 per cent lower than the figure recorded for the same weekend last year...... Full Article: Source

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