It’s a tough outlook for residential property — but there can be opportunities for the serious long- term investor at times like these.
Auction clearance rates have also fallen dramatically over the past year, especially in Melbourne and Sydney, where they were above 80 per cent this time last year. Recent figures suggest that auction clearance rates have fallen below 50 per cent in Sydney and 60 per cent in Melbourne.
Click here to read the rest of this article which appeared in The Australian on 7 July 2018 (or here to read online).
