The data from Domain released today shows the preliminary auction clearance results remains stuck in neutral.
Last weeks final results came it at 40.3% with Melbourne at 39%, below Sydney’s 40.4%.
This week so far, Melbourne again looks weaker than Sydney and is likely to fall further as more data comes in. Again we see a significant number of withdrawn properties.
Brisbane reported a provisional clearance rate of 40%, Canberra 46% and Adelaide 62%, all on low volumes. The fuller schedules from Domain are not available at this time.
