Auction clearance rates climbed above 80% for Sydney and 75% for Melbourne as a record number of properties hit the Melbourne market (see table 1 below).
There were 1,362 properties listed for auction in the Victorian capital city on the weekend with preliminary data showing at least 922 reported auctions.
Spring is the traditional hot season for the property market, but last weekend was the hottest so far and is being dubbed the latest “Super Saturday”.
Table 1: This Saturday, 26 October 2013
Also in the Switzer Super Report: