Sydney properties selling for a 'lower price' after low auction clearance rate – Daily Telegraph

Yellow Brick Road Executive Chairman Mark Bouris says while there was only a 55 per cent clearance rate of Sydney properties held for auction there is still a “high clearance rate” after the auction.
He said in many cases properties don’t reach the reserve and sell at a price below the vendor’s expectations.
“The agents basically telling me overall most properties end up selling but they’re just selling for a lower price,” he told Sky News Australia.
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