Sunday, July 21, 2019

Sydney auction market strongest across Australia with preliminary clearance rate above 80 per cent

The Sydney auction market has once again dominated the rest of the nation, recording a preliminary clearance rate of 81.5 per cent.

The result was considerably stronger than Melbourne, the next closest capital city, which had a clearance rate of 70 per cent, per CoreLogic data.





Auction volumes are still well down on last year though, with 303 properties going under the hammer in Sydney this week, 100 less than the corresponding week last year.


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