Auction clearance rates rocketed over the weekend, with the preliminary rate nationally surging to 78.6% from 69.4% last weekend:
The nation auction clearance rate was also way above the 51.2% recorded in the same weekend last year:
In particular, Sydney’s preliminary clearance rate was 80.3%, up from 79.9% last weekend and way above the 54.6% recorded in the same weekend last year.
Melbourne’s preliminary clearance rate was 79.2%, up from 74.0% last weekend and also way above the 52.5% recorded in the same weekend last year.
Auction volumes (1,555) were also above the same weekend last year (1,450).
Domain’s auction results were similarly strong, but based on a smaller sample:
We’re off to the races again!