Real Estate Institute of NSW (REINSW) president, John Cunningham, has questioned the validity of CoreLogic’s reported 66.2% preliminary auction clearance, claiming the true figure might actually be somewhere in the 40s. From The Real Estate Conversation:
Cunningham said that 40 per cent of results have not been reported, and if those results represent a no sale, then the clearance rate for Sydney could be a lot lower than the 66.2 per cent being reported by CoreLogic.
