The latest provisional auction results from Domain for today show property is still being purchased at an amazing rate. Nationally, 76.4% cleared on a listing of 2,637, compared with 73.2% last week on 2,152, and 58.3% on 3,016 a year ago. At these rates, home prices will continue to climb.
Much of the action was in Sydney, with 78.8% of 961 cleared, and Melbourne where 77.5% of 1,366 cleared. Both higher than last week.
Brisbane had 119 listed and 56% cleared, Adelaide had 104 listed and 58% cleared, whilst Canberra has 87 listed and 68% cleared.
