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Clearance rate collapse has sellers trying different tactics
Would-be buyers have been sitting out of the auction market, worried about rising interest rates and falling prices. Now vendors are getting cold feet too.
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afr.com
Sydney, Melbourne have worst auction week in more than five years
Sellers are pulling out to avoid a weakening market, although a $3.23 million auction sale in Glebe showed buyers were still there for the right property.
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theage.com.au
‘Testing the market’: Unrealistic sellers pull properties from auction
Nervous sellers are grappling with a changing property market and opportunistic buyers want to grab a bargain.
