Auction Results May 20th 2017 Still Hot

The preliminary results from Domain continue to show strong rates of clearance on good volume. No signs of the main Sydney and Melbourne markets faltering yet.

The national clearance rate was 77.6% compared with 73.9% last week, and 69% a year ago. The number sold was 1,314, higher than last week at 1,286 and last year 984.

Sydney cleared 76.9% with 512 sales, compared with 73.8% on 512 last week and 375 last year. Melbourne cleared 79.2% with 688 sales compared with 75.4% and 654 last week and 497 last year.

Brisbane cleared 62% of 110 scheduled auctions, Adelaide 70% of 86 scheduled auctions and Canberra 75% of 66 scheduled.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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