Money Home auctions rise, but well down on 2016

22:55  13 november  2017
22:55  13 november  2017 Source:   MSN

We just received another sign Melbourne's housing market is slowing down

  We just received another sign Melbourne's housing market is slowing down Melbourne's once-hot housing market is now following in Sydney's wake and slowing down.Melbourne's once-hot housing market is now following in Sydney's wake and slowing down.

Property data group CoreLogic's weekly survey shows that the national auction clearance rate for the week to November 12 rose to 66.5 per cent, up from the adjusted 61.5 per cent in the prior week, when the final figure was the lowest since early 2016 , but well below the same time last year.

Salvage vehicles from USA. Used cars export import. Worldwide shipping. Cars for sale in USA. Salvage auto auction . More than 40 000 auto auctions . every week! Find, bid and win! Ocean freight! from 0 to Europe, Africa and Asia. Home .

Property in Narre Warren, Melbourne. © Scott Barbour/Getty Images Property in Narre Warren, Melbourne. Sydney home prices have again fallen while Melbourne's have remained flat, but the national auction clearance rate last week was better than the previous week's.

Property data group Corelogic's weekly property survey shows that the national auction clearance rate rose to 66.5 per cent, up from the adjusted 61.5 per cent in the prior week when the final figure was the lowest since early 2016, but well below the same time last year.

While Sydney and Perth home values fell 0.2 per cent over the week to November 12, Canberra recorded the highest preliminary clearance rate, at 72.9 per cent and Brisbane recorded the lowest, with just 45.7 per cent of auctions resulting in a sale.

Melbourne property shows signs of cooling .
There are signs the white hot Melbourne property market has started to slow, according to the latest figures from CoreLogic.Average home prices in Melbourne rose just 0.3 per cent in the past month and were stagnant in the week to November 12, according to property data group CoreLogic.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!