| A leading real estate industry analyst has expressed concern that the property market isn’t performing as well as hoped, with clearance rates and listings still down on last year’s results and most buying activity centred around the middle and lower-market segments.
In Sydney, the city recorded a clearance rate of 55.3%, while in Melbourne the rate was 62%, although that rose from 61% last week. SQM Research managing director Louis Christopher says these results are discouraging, pointing to results in Sydney where clearance rates have remained relatively steady, but the number of listings has fallen...............................................Full Article: Source
|