Home auction markets in Sydney and Melbourne were pummelled over the weekend with clearance rates likely to end up in the mid 30 per cent range for Sydney and low 40 per cent for Melbourne; https://www.copyright link/real-estate/no-bids-lack-of-demand-sends-home-auction-clearances-into-the-red-20181201-h18ly0
Auction clearance rates continue to fall following the decline in credit growth. The FOMO of recent years is fast becoming FONGO.
