Auction clearance rates remained solid over the weekend, with the preliminary rate nationally coming in at 71.3%, down a few percent from 74.4% last weekend:
Auction clearances were also way above the 49.5% recorded in the same weekend last year:
Sydney’s preliminary clearance rate was 79.8%, up from 77.7% last weekend, and way above the 46.1% recorded in the same weekend last year.
Melbourne’s preliminary clearance was 73.8%, down from 82.5% last weekend, but way above the 51.8% recorded in the same weekend last year.
Both are still pointing to strongly rising prices:
However, auction volumes (1,324) were well below last year’s 1,817, with the trend weak:
Domain’s auction results were similar, but based on a smaller sample size: