When crashing auction clearances equals “panic buying”

For a crashing auction clearance rate to equal panic buying, just go to the AFR:

“Panic buying is happening. A bit like toilet paper it feels,” said Cate Bakos, buyer’s agent with Cate Bakos Property. “I had four auctions scheduled this Saturday and five next Saturday. Now I only have one on Saturday and one for next week.

“All have either been sold prior or have pending mid-week auctions. These pre-auction sales are being triggered by feisty buyers.”

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