Auction year opens at Gold Coast event, signals ‘bumpy’ market ahead
The property market’s continued correction was on display in real time at Ray White’s annual The Event auction extravaganza on the Gold Coast, with buyers demonstrating a high degree of caution.
Despite a packed ballroom at the Royal Pines Resort, results obtained part-way through showed that the clearance rate was tracking around 60 per cent, significantly down on last year’s 82 per cent clearance rate across 101 properties.
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