October 27, 2008
Despite reductions in mortgage interest rates and the big increase in the first-home buyer’s grant, the business of auctioning houses still seems to be in trouble.
As we have already reported Australian property auction clearance rates dropped along with most of the world’s stock markets. Improvement doesn’t look imminent either. Figures out today make interesting reading: so long as you are not trying to sell a property – then they are depressing.
