The preliminary results for today are in from Domain, and we see strong clearance rates in the main Sydney and Melbourne markets.
The national clearance rate was 77.6% compared with 74.3% last week, with 1,333 sold compared with 705 last week, and 1,897 last year. Sydney achieved 82.2% with 443 sales and Melbourne 775 compared with 152 last week (a holiday weekend). So high clearance rates, but on lower sales volumes.
Brisbane cleared 53% of 105 scheduled auctions, Adelaide 64% of 68 scheduled and Canberra 68% of 83 scheduled auctions.
