ABS Confirms Falling House Prices
The ABS House Price Index* released today confirmed house prices are falling, with both Brisbane and Melbourne down 2.5 per cent QoQ and the eight capitals down 1.7 per cent QoQ overall. “While the price fall is modest it confirms the new downward trend in house...Ghost Auctions Cloud Genuine Auction Clearance figure
photo credit: The-Lane-Team The rising number of ghost auctions (unreported auctions not called in by real estate agents) is distorting the housing market. The REIV’s weekend clearance rate was 57% on 480 auctions. However, 102 were ghost auctions and not...Republish this article
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