Why cant there be transparency in the market. One of the biggest companies Core logic that publish the results in my opinion do not accurately report the TRUTH in what is happening in the market. So everyday mum and dads get a tainted picture.
Example:
Say 2000 properties up for Auction in Sydney and 1000 sell . Its is clear that the result is 50% clearance.
However the way they report the results are this:
2000 Auctions in Sydney. Agents report results on 1250 . 1000 were sold so they publish 80% clearance rate.
The fact 750 were not reported to me suggests they were not sold...
Why not make agents accountable and have a TRUE result. If you don't report its classed as not sold... Then I am sure agents will report every sales as they want the results to be as high as they can.. The system is set up to distort and rort the figures...
Investors and home buyers need correct reporting in my opinion... a level playing field..
Auction clearance rates are a scam
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