\u2018Great Australian Scam\u2019: Two thirds of homes for sale without a price<\/a><\/p>\n Brisbane\u2019s auction clearance rate has slumped to its second lowest level this year.<\/p>\n Of the 213 auction results obtained by PropTrack, only 41 properties sold at auction in the past week across the state, while 36 were withdrawn and 121 were passed in.<\/p>\n The other states are holding up better, with the auction success rate sitting at 44 per cent in New South Wales and 51 per cent in Victoria.<\/p>\n SQM Research founder Louis Christopher has told his social media followers that there was \u201c100 per cent certainty listings are about to rise within the next two to three weeks\u201d.<\/p>\n \u201cAnd 40 per cent (?) chance of another rate rise on the next RBA meeting.\u201d<\/p>\n SQM Research founder Louis Christopher. Picture \u2013 Supplied.<\/p>\n Mr Christopher said there was no need for buyers to rush into the current market, which was in \u201cdire straits\u201d.<\/p>\n PropTrack senior economist Angus Moore said the number of new listings hitting the Brisbane market over the past month was up 22 per cent compared to the same time last year. <\/p>\n \u201cThat\u2019s not unique to Brisbane; Perth and Adelaide have seen similar increases, but the same has not been as true in Sydney and Melbourne,\u201d Mr Moore said.<\/p>\n \u201cThe investor share of sales has increased in recent months, though that\u2019s a typical feature during winter. It\u2019s probably still too soon to tell if we\u2019re seeing investors sell post-budget. But that will be something to keep an eye on as we head in to spring.\u201d<\/p>\n Home prices in Brisbane have started falling for the first time in more than three years. Photographer: Liam Kidston.<\/p>\n MORE: Revealed: Brisbane\u2019s 20 sleeper suburbs where buyers can save up to $200,000<\/a><\/p>\n<\/p>\n
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