Should you auction your property this Spring?

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Richard Wakelin says you should:

Naturally, many prospective vendors are nervous about listing because they fear their property won’t sell. With auction clearance rates about as low as we have seen since the extraordinary pickup of the market in 2012, that’s an understandable worry.

It’s fair to say that we are now in buyers’ market territory. But even when auction clearance rates are low, most properties do still sell – it just isn’t always under the hammer. Invariably, properties are sold in the hours, days or, very occasionally, weeks after the auction.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.