Auction Results Today Higher Once Again

The preliminary auction clearance results from Domain continues the strong trends seen in recent weeks. Nationally, the clearance rate was 76.6% on 2,620 listed, with Melbourne achieving 80.7% on 1,372 and Sydney 76.2% on 908. All higher than last week, and higher than those listed a year ago, when 2,462 were scheduled and 58.9% cleared nationally.

Brisbane listed 139 and achieved 47%, Adelaide scheduled 109 and achieved 61% and Canberra listed 92 and achieved 61%. So clearly the momentum is strongest in the major markets of Sydney and Melbourne.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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