Sydney’s clearance rates continue to lead all the capital cities at 83.3%, with the Eastern Suburbs sub-region emerging as the strongest performer with a 97.1% clearance rate.
Melbourne follows Sydney with a clearance rate of 78.5%. The Outer East region was hailed as the city’s strongest performer, with 87.1% of successful auctions.
Perth’s 50% clearance rate also went up from the previous week’s 28.5%. This was also higher than the same week last year, which only had a clearance rate of 46.2%.
Brisbane, Adelaide, and Canberra all experienced clearance rate drops this week at 52.2%, 67.9%, and 83.9%, respectively. Of the two Tasmanian auction results reported, one sale has been recorded.