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News Link • Housing

Housing Wipe-Out: No Bids or Even Bidders at Numerous Australia Housing Auctions

•, by Mike Mish Shedlock

It's a Housing Wipe-Out in Australia.

Bidders per auction: 0.7 – a very negative stat for the start of the Spring market.

10 auctions in Bayside: 3 bidders in total.

13 auctions in Stonnington and if you take out the 2 volcanoes (4 or more bidders) there were 5 bidders at the other 11 auctions.

In Boroondara there were 12 auctions and 9 of them had no bidders at all.

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