The preliminary auction results for today from Domain, show an astonishingly high clearance rate, nationally achieving 82.5%, compared with 74.1% last week. The data comes from APM. Continuing evidence that the market is still buoyant.
Sydney had the highest clearance rate at 84.4% on 628 listings, compared with 77.4% of 580 last week. Melbourne have the highest volume at 83.7% of 1,201 listed, compared with 74.9% of 993 last week. Both clearance rates are higher then this time last year, though on lower volumes. Brisbane cleared 49%, Adelaide 81% and Canberra 79%
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