After the summer holidays, auctions are getting back into gear. The preliminary Domain results from today show that clearance rates remain elevated, though volumes are down on the weeks before Christmas.
Sydney achieved 78.8% and Melbourne 78.5%, both higher than last week, and higher than the same week last year. The national clearance rate was 72.6%.
Brisbane achieved 55% on 77 listings, Adelaide 58% on 91 auctions and Canberra 67% on 49 auctions.
The signs are that the property market momentum is being maintained.
