The preliminary auction results for today are out from Domain. Another strong set of results, with clearance rates at 76.1%, though on 2,382 listings compared with 2,640 last week.
Melbourne listed 1,173 and cleared 79.9% compared with 76.2% last week. Sydney listed 874 and cleared 75.8%, compared with 74.5% last week. Brisbane listed 148 and cleared 47%, Adelaide listed 106 and cleared 62% whilst Canberra scheduled 81 auctions and cleared 61%.
We expect momentum to sag as we approach the summer break, and with mortgage interest rates on the rise.
