Auctions cold and cautious

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WHILE market conditions appear to be favouring buyers, caution is still on display at auctions.

On the weekend there were 829 auctions, with a clearance rate of 59 per cent.

‘‘Although buyers are in the market— with turnover holding at a fairly steady rate— they are certainly being careful how deep they dig,’’ said JPP Buyer Advocate Catherine Cashmore.

‘‘If the vendor doesn’t meet them half way . . . the property just isn’t going to sell.’’

Click here for the rest of the article (Source: Pressdisplay Website)

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