A sharp rebound in auction numbers today predictably placed downward pressure on clearance rates with buyers provided with generally their best choice in listings for weeks.
Despite the second biggest auction Saturday this year following the previous weekends state election distractions, Sydney produced another sturdy result for sellers with a clearance rate yet again above 60% – and as usual a clear capital city leader.
By contrast Melbourne’s auction clearance rate was lower this weekend with higher listings testing the market with a rate just below 55%.
Results in the smaller capitals that also recorded a lift in listings were similar to last weekend’s results with Adelaide again clearly recording the highest clearance rate.
Sydney’s Auction Market Ends March On The Up And Up.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.