The provisional data from APM PriceFinder for today’s auction clearances shows that once again there is a high sale rate, though on lower listing volumes than this time last year. There is life in the property market still!
In Sydney, 80% of the 537 listings cleared, up from 75.6% last week, and 72.6% last year – though there were 822 on the market then. In Melbourne, 77.5% of the 718 properties sold, compared with 76% last week, and 73.3% last year. Brisbane cleared 55% of the 83 properties listed, Adelaide 74% of 59 properties and 82% of the 52 properties listed in Canberra.
Nationally, the result translates to 77.8% of 1,449 listings, compared with 74.2% of 1,646 last week and 71.2% of 1,888 last year.
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