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: