Auction clearance rates nationally held steady over the past week at around 71 per cent but have fallen since the start of the year, a signal that the market may be weakening as it heads into the traditional spring selling season.
“I think now the market has now found a direction and unfortunately for property owners that direction is weaker,” SQM Research founder, Louis Christopher said.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
