Apparently Sydney and Melbourne’s run of strong auction clearance rates has dropped off as both cities failed to clear 75 per cent of the listed properties last weekend.
Sydney achieved a clearance rate of 63.0 per cent, down from 73.4 per cent last weekend.
Melbourne, 196 properties went under the hammer, a marked reduction from the 351 properties sold last weekend. The city achieved a clearance rate of 74.0 per cent, down from 77.7 per cent last weekend.
I hope this decline in auction clearance rates does become consistent, after such steady growth for the last few months.
Sydney achieved a clearance rate of 63.0 per cent, down from 73.4 per cent last weekend.
Melbourne, 196 properties went under the hammer, a marked reduction from the 351 properties sold last weekend. The city achieved a clearance rate of 74.0 per cent, down from 77.7 per cent last weekend.
I hope this decline in auction clearance rates does become consistent, after such steady growth for the last few months.