The latest provisional results from APM PriceFinder shows that clearance rates across the country were strong today. Nationally, there were 1,858 listed, and 78.6% cleared. The number was down a little from last week, but achieved a higher rate of sale. Further evidence of strong interest in property.
Sydney cleared 80% of the 673 listed, whilst Melbourne listed 989 and cleared 78%. Canberra cleared 74% of the 48 listed and Adelaide 70% of the 50 listed. Brisbane results are yet to be posted.
Whilst overall volumes are down a little on this time last year, we do not see much sign of people walking away from the property market. This is another reason why we believe home prices will continue to strengthen as we move towards the summer.
