APM PriceFinder’s residential auction summary for Saturday 30 July 2015 continues to underscore momentum in the property market, especially in Sydney and Melbourne.
Nationally, clearance rates were 73.1% on 1,285 properties, compared with 66.9% on 989 listing last week. A year ago, there were 1,488 listing and 74.9% cleared.
In Sydney, clearance was 75.7%, compared with 70.3% last week, and 76.1% a year ago, though on lower volumes. Melbourne cleared 75.7% of 675 listed, compared with 67% last week, and 76.9% on 651 properties a year ago. Adelaide achieved a 60% clearance on 83 listings. Brisbane listed 101 properties and cleared 50%.
