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.
Daniel,
Your stats for Melbourne are at odds with the REIV stats.http://www.reiv.com.au/home/inside.asp?ID=162&nav1=652&nav2=162
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