The preliminary auction clearance results from Domain show a national clearance rate of 72.6%, compared with last weeks final result of 66.7%. Melbourne is the hottest market, with a 77.3% clearance rate. Sales momentum remains strong, even if volumes are a little lower. No wonder home prices continue to defy gravity.
Brisbane cleared 41% on 94 scheduled auctions, Adelaide 84% on 41 listed and Canberra 63% of 36 scheduled.