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Economic stress scares off Australian homebuyers as auction clearances fall | Collector
Economic stress scares off Australian homebuyers as auction clearances fall
Guardian Australia

Economic stress scares off Australian homebuyers as auction clearances fall

Houses are being pulled from auctions as vendors get cold feet amid economic uncertainty about borrowing costs Get our breaking news email , free app or daily news podcast Victor Baralos knows the power of an auction. He bid against 25 others to buy his home in Sydney’s inner west for $200,000 over the reserve in 2012, when nearly half the auctions in Australia were failing. Yet Baralos sold on Monday, just a week after listing his home, with three weeks left of his auction campaign. Continue reading...

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