The preliminary auction clearance results for today from Domain are in, and show ongoing momentum, though at a slower clip than in the weeks before Easter.
Sydney cleared 75% with 304 sold, compared with 68.9% on 275 a year ago. Melbourne cleared 79.5% with 419 sold, compared with 71.5% on 331 last year. Nationally 810 were sold at 75.3%, compared with 958 at 68.1% a year ago.
Brisbane cleared 50% with 99 scheduled, Adelaide 65% of 73 scheduled and Canberra 68% of 46 scheduled auctions.
The preliminary auction clearance results for today from Domain shows clearance rates and listings remained strong.
Sydney cleared 80.9% on 700 sales, compared with 549 last week. Melbourne cleared 768 compared with 655 last week, at a rate of 81.4%. Nationally, 1,601 sales were reported, compared with 1,309 last week, representing 79.9% of listings.
Canberra cleared 70% of 115 listed, Adelaide 86% of 112 listed and Brisbane 56% of 140 listed.
The preliminary auction clearance results today from Domain continue the trend of high clearance rates, even if absolute volumes were down a little from the highs of last week.
Sydney achieved 81.3% with 479 sales, compared with 74.4% last week on 591 sales. Melbourne achieved 80.5% on 627 sales, compared with 75.9% last week on 975 sales. The national clearance rate was 79.4%, compared with 73.7% last week and 65% last year.
Brisbane cleared 62% of 99 scheduled auctions, Adelaide 79% of 73 scheduled and Canberra 60% of 48 auctions.
The latest preliminary data from Domain shows continuing momentum in today’s auction results.
Sydney achieved a clearance of 80.2% compared with 76.7% last week, and 61.4% last year. The volumes are also up. In Melbourne, clearance was 79.5%, higher than the 75.3% last week and nationally, clearances were at 78% compared with 73.8% last week.
Our surveys suggest that investors are rushing to purchase ahead of the upcoming budget in May, as they fear the generous tax breaks may disappear. First time buyers are being beaten to the punch.
Brisbane achieved 47% on 138 auctions, Adelaide 64% on 79 scheduled and Canberra 77% on 78.