Auctions reveal a stand-off between nervous buyers and reluctant sellers
People continue to turn up at auctions but the observers are far outnumbering the bidders, as buyers sit on the sidelines and fewer properties hit the market.
The number of properties going to auction is well down on last year. (Image source: Shutterstock.com)
Buyers and sellers have entered into a standoff at auctions around Australia, with the former nervously holding off as property prices continue to decline
while sellers waiting for the market to recover continue to impact the number of listings.In what would normally be the peak time for properties to go under the auction gavel, the number of properties hitting the market has dried up.
There were 1,921 homes taken to auction across the combine…
