Supply is slowly catching up in Sydney & Melbourne
It was another strong week for Australia’s two largest auction markets with 80% of homes selling under the hammer. Once again Sydney led all markets, recording a preliminary auction clearance rate of 81.5% according to CoreLogic as the number of auctions jumped to 938 from 578.
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It was another strong week for Australia’s two largest auction markets with 80% of homes selling under the hammer.
Once again Sydney led all markets, recording a preliminary auction clearance rate of 81.5% according to CoreLogic as the number of auctions jumped to 938 from 578.
Meanwhile in Melbourne, the clearance rate was 79.6%, with volumes surging to 1215 which was up from 717 last week.
Across the rest of the country, the clearance rate r…
