The preliminary data from Domain is out, and the trends continue lower, with a final rate last week below 50% nationally and continued weakness this time around. Many properties are being withdrawn.
In Sydney, of the 442 listed, 84 were withdrawn, and 179 sold. In Melbourne, 526 were listed, 29 withdrawn and 236 sold. Last year at this time, clearance rates were more than 10% higher, on larger volumes.
Brisbane listed 57, 6 were withdrawn and 17 Sold. Adelaide listed 43, withdrew 1 and sold 13. Canberra listed 47, sold 30 and 3 were withdrawn.
