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.’’