Auction Clearance Rates Still High, But On Lower Volumes

The preliminary auction clearance results are in from Domain. Nationally, it stands at 79.5% on 1,111 sales, compared with 71.8% last week and 69.7% a year ago. Melbourne has greater volume with 645 sold, at a rate of 81.7%, compared with 74.5% last week and 72.6% last year. Sydney cleared 388 at 80.3%, higher than last week.

Brisbane cleared 53% on 85 listed, Adelaide 73 on 65% and Canberra 58 on 64%.

So to real evidence to suggest a slowing market.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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