The preliminary auction results from Domain for 13th May 2017 show continuing momentum in the major markets of Melbourne and Sydney.
Melbourne sold 593 properties at a clearance rate of 78.1%, compared with 466 last week at 74.6%. Sydney sold 445 at a rate of 79.3% compared with 366 at 70.6% last week. Both higher than this time last year.
Nationally, 1,153 sold at a rate of 78.1%, compared with 822 at 74.6% last week and 977 at 70.3% last year.
Brisbane cleared 55% of 69 scheduled auctions, Adelaide 62% of 74 scheduled and Canberra 78% of 72 scheduled auctions. So no obvious signs of a serious fall in transactions at the moment.
