Prospect of another rate fails to spark property market

Warmer weather and the prospects of another interest rate cut have done nothing to entice home buyers back into the market, with the weekend’s auction rates either stable or declining.

Warmer weather and the prospects of another interest rate cut have done nothing to entice home buyers back into the market, with the weekend’s auction rates either stable or declining.

After enjoying a few weeks of solid growth, Sydney’s clearance rate dropped from 60% to 58%, with 91 properties under the hammer totalling over $42 million in sales.