Domain has published their preliminary auction clearance results for 2nd Sept 2017. Normally the start of spring marks an increase in momentum, but it looks as if weakness in Sydney is starting to show, despite banks cutting their lending rates for some new business. Melbourne continues to look pretty strong, but overall results are likely to be lower than this time last year.
Brisbane cleared 41% of 94 scheduled auctions, Adelaide 61% of 59 scheduled auctions and Canberra achieved 66% of 55 auctions.
