The results from APM Pricefinder for 25 June 2016 are out, and nationally, auction rates were 70.9%, up from 68.3% last week. Sydney cleared 341 sales at 74.1%, whilst Melbourne sold 511 at 71.7%. Results are still strong, though still a little lower than this time last year.
These results provide a leading indicator of property market activity based on a majority sample of auctions that take place every Saturday.
