Domain released their preliminary clearance results for today.
Last week the clearance rate ended in the mid-fifties, on low volume. Of 645 listed auctions, 313 sold given a true reading of 48.5%. Lower than last year. The question now is, will momentum lift given the APRA, RBA and Government incentives to get people to buy property again? We will see….
Brisbane listed 99, reported 55 and sold 27 with 8 withdrawn giving a Domain clearance of 43%.
Adelaide listed 84, reported 44 and sold 26, with 10 withdrawn giving a Domain clearance of 48%.
Canberra listed 50, reported 43 and sold 28, with 2 withdrawn giving a Domain clearance of 62%.
