Auction clearances strengthen

Auction clearance rates lifted slightly over the weekend, with the preliminary rate nationally coming in at 74.1%, up from 72.0% last weekend:

Auction clearances were also way above the 42.0% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 77.2%, down from 81.0% last weekend, but way above the 42.8% recorded in the same weekend last year.

Melbourne’s preliminary clearance rate was 77.0%, up from 70.8% last weekend, and way above the 41.3% recorded in the same weekend last year.

Both are still pointing to rising prices; although they are showing some signs of fading:

Auction volumes (2,571) were also below the same weekend last year (2,745).

Domain’s auction results were a little softer, but based on a smaller sample size:

Leith van Onselen
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