That title is a tautology of course. But today’s fluffing really is a new low in transparent spin, from the aroused AFR:
Forget Paddington and Vaucluse, 200 people flocked to the LJ Hooker Parramatta auctions on Tuesday night and scooped up seven out of 12 properties on offer.
It might be a fraction of the value of properties exchanged at Sydney’s inner city auctions but property hunters still paid more than $5 million for houses and units in Winston Hills, Wentworthville and Glenhaven in Sydney’s west.
Compare this to Monday night at the Double Bay auction centre, where out of four properties listed, only one sold under the hammer, while another sold prior. Both properties fetched just over $1 million.
So, out West we had an auction clearance rate of 58% last night following 25% in the East earlier in the week. Domainfax needs to go lower, deeper, dirtier, and now! Warning, we’re losing it!
Surely the next logical step is to just make shit up. I suggest something like:
Auction clearance rates reached 789% in Penrith Wednesday night after 43,456 properties went baps out under the hammer. A golden shower of $565.7bn drenched the 30,568 residents present.
“The market just ejaculated” said Rob Wood, principle at Timber Realty.
“There’s no end in site here. It going to just keep getting BIGGER”.
