Auction Clearances Through The Roof This Week

The preliminary auction clearance results from Domain for today nationally hit 77.9%, higher than last week, and the comparable week last year. The total volume of property listed was 2,158, higher than a year ago, but lower than last week. 1,329 properties were sold, compared with 1,906 last week and 1,289 a year ago.

Sydney cleared 78.3%, with 426 sold, whilst Melbourne cleared 80.6% with 772 sold.

Brisbane cleared 59% of the 118 auctions scheduled, Adelaide 67% of 78 and Canberra 68% of 83 auctions scheduled.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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