Auction clearance rates softened slightly over the weekend, with the preliminary rate nationally coming in at 73.6%, down from 75.3% last weekend:
Auction clearances were also way above the 47.0% recorded in the same weekend last year:
Sydney’s preliminary clearance rate was 79.4%, down from 79.7% last weekend, but way above the 45.3% recorded in the same weekend last year.
Melbourne’s preliminary clearance was 73.3%, down from 77.1% last weekend, and way above the 48.6% recorded in the same weekend last year.
Both are pointing to strongly rising prices:
However, auction volumes (1,535) were way below last year’s 2,928, and way below the 2017 ‘boom’ levels:
Domain’s auction results were a little softer, but based on a smaller sample size: