It’s been another busy auction weekend, but auction clearnace rates (as reported by Australian Property Monitors) have dropped a little.
Sydney clearance rates dropped below 80% for the first time in 9 weeks – to a very respectable 79.9%
Auctions in the Melbourne property market were much like last week at 72% – much better than 59% 12 months ago. It will be intersting to see the results next week when over 1,600 properties go up for auction.
Here are more details from APM: