Auction Results Volumes Down, Clearance Rates Up!

The preliminary results for today are in from Domain, and we see strong clearance rates in the main Sydney and Melbourne markets.

The national clearance rate was 77.6% compared with 74.3% last week, with 1,333 sold compared with 705 last week, and 1,897 last year.  Sydney achieved 82.2% with 443 sales and Melbourne 775 compared with 152 last week (a holiday weekend). So high clearance rates, but on lower sales volumes.

Brisbane cleared 53% of 105 scheduled auctions, Adelaide 64% of 68 scheduled and Canberra 68% of 83 scheduled auctions.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

Leave a Reply