Last week’s one per cent rate cut failed to inspire property buyers in a sluggish weekend for property sales.
In contrast to a traditionally strong spring period Melbourne saw an auction clearance rate of just 49.2 per cent – down substantially from the previous weekend’s 59.7 per cent according to Australian Property Monitors.
Sydney recorded a clearance rate of 49.8 per cent and in Brisbane auctions cleared at a rate of just 23.4 per cent, albeit on a small number of properties.
Published: 13-10-08
Today's other news
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
- Canberra broker admits to fraud
- Mortgage holders still confident about financial position
- Funding costs ease
- Suncorp fails to attract buyer
- Bush rallies G7 to fight global financial instability
- Government guarantees bank deposits
Tags:
