Auction market holds firm amid Sydney virus assault

The nation’s preliminary auction clearance rate rose over the weekend – to 76.4% from 73.6% the prior weekend – despite the worsening virus outbreak in Sydney.

Sydney’s auction clearance rate rose to 76.5% from 71.6% the prior week; albeit of fewer auctions (661 versus 765).

Melbourne’s clearance rate fell slightly to 75.3% from 75.9% off a similar number of auctions (1,077 versus 1,067).

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