The auctions market has continued to perform reasonably well during the autumn slowdown, with experts and analysts saying the industry may have enough momentum to push through the next few months with a better result than last year.
The Reserve Bank has downgraded its expectations for the housing market, delivering a downbeat assessment in which it says income-to-housing ratios have reached levels not seen since 2002, and that a recovery is still going to take some time.
Property experts reveal despite falling clearance rates, sellers are still putting properties on the market in the hope they’ll be able to cash in on the dramatic price increases recorded over the past year.
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