Auction Clearances Are Running Hot

Today was a record heat-wave day down the east coast, and also a massive weekend for auction clearances according to the preliminary data from Domain.

Sydney achieved 84.2%, compared with 71.4% last week, and Melbourne hit 78.7% compared with 75.3% last week. Nationally, the clearance was 80.4%, compared with 68% last week, higher than a year ago also and a larger volume to boot!

Brisbane achieved 63% on 105 scheduled auctions, 79% in Adelaide on 73 listings, and Canberra reached 79% on 69 scheduled auctions.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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