SYD & MEL experience - Pent-up buyer demand at auction
It was the strongest weekend at auction that Melbourne and Sydney have seen since 2017. Buyers are still outnumbering the sellers which will likely put pressure on prices according to Australia's leading auctioneers.
Auction markets across the country have continued to gain momentum with preliminary clearance rates nearing 80% across the combined capital cities.
The latest data from CoreLogic saw a jump in both volumes and clearance rates over the weekend as Sydney and Melbourne continue to lead the way.
Sydney’s preliminary clearance rate hit 80.3%, which was the strongest February result since the boom times of 2017, seeing volumes increase week on week …