Auction Clearances Sky Rocket Today

The preliminary auction results for today from Domain,  show an astonishingly high clearance rate, nationally achieving 82.5%, compared with 74.1% last week. The data comes from APM.  Continuing evidence that the market is still buoyant.

domain-22-oct-2016-1

Sydney had the highest clearance rate at 84.4% on 628 listings, compared with 77.4% of 580 last week. Melbourne have the highest volume at 83.7% of 1,201 listed, compared with 74.9% of 993 last week.  Both clearance rates are higher then this time last year, though on lower volumes. Brisbane cleared 49%, Adelaide 81% and Canberra 79%

domain-22-oct-2016

 

 

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

One thought on “Auction Clearances Sky Rocket Today”

Leave a Reply