One in five auctions pulled by “under stress” vendors

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By Leith van Onselen

The small seasonal bounce in auction clearances can seemingly be attributed, in part, to a surge in homes being withdrawn prior to auction. From The AFR:

Sydney homeowners are increasingly pulling their homes from auction before the big day while some Melbourne properties are now selling for less than their council valuations…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.