Auction clearance rates – over 75% in Sydney

Editorial director of Switzer
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The numbers were a little weaker on the weekend, particularly in NSW where school holidays started for many children, but the underlying strength is still visible and the data is still stronger than it was this time last year.

Adelaide had a bumper weak with a clearance rate of over 80% but that is coming from a very small sample size. Sydney had just 18 properties withdrawn from market, compared to 37 last week, which indicates renewed confidence in auctions as well, of course, as the property market.

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