According to the APM Home Price Guide Auction results for 18th June 2016, the national clearance rate was 72.4%, up from 60.7% last week. Sydney led the way with a 78.3% sold, but Melbourne had the largest number of sales. Whilst the results are a little down on last year, its still looking pretty hot at the moment.
APM publishes auction activity results for the Sydney, Melbourne,Brisbane and Adelaide capital cities every Saturday evening, providing a snapshot of how demand and supply in the auction market is behaving and as a leading indicator for the overall property market. (Auction activity for the other capital cities is also monitored and made available by mid week). You can read about their methodology here.
