Michael Pascoe: For whom the housing market bell tolls – The New Daily

December 15, 2021 by No Comments

Michael Pascoe: For whom the housing market bell tolls

The auction clearance rate falling into the low 60s on Saturday said residential real estate in Australia’s most expensive city was no longer a rocket ride – now, at best, more of a glide.

The Domain Group reckons a clearance rate of more than 60 per cent means rising prices, less than 60 per cent means falling prices.

Saturday’s preliminary rate of 62.7 per cent doesn’t promise much rising.

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