Auctions – High Clearance Rate On Lower Volumes Today

The preliminary results from Domain are out and show continuation of trend with high clearance rates, but on lower volumes.

Sydney cleared 74.3% compared with 70.6% last week, with 445 sold. Melbourne cleared 75.9% compared with 73% last week, with 602 sold, and nationally, 74.2% or 1,139 sold compared with 70.1% 1,423.

Brisbane cleared 50% of 104 scheduled auctions, Adelaide 73% of 74 scheduled and Canberra 73% of 65 scheduled auctions.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics