Domain have released their preliminary auction clearance results.
The trends are continuing with Sydney leading the way lower, with a final rate last week of 48.1% and a lower number of reported auctions this week. Melbourne is a little stronger, but still at a lower clearance rate than last year. We continue to see lower numbers of actual auctions, compared with listed, as more are withdrawn prior to auction, or rescheduled.
Brisbane had 72 listed for auctions, and 18 were sold, Adelaide had 69 listed and 26 sold, and Canberra had 75 listed and 49 sold. So in the smaller markets, Canberra looks the strongest. The final results will settle later in the week.
You can watch our video on how the results are collated and whether they are meaningful.
