Although slightly down from previous weeks, auction clearance rates remained high in the last weekend of the month.
After a blip last week, auction clearance rates are on the rise again, with both Melbourne and Sydney at, or over, 80%.
Clearance rates may be slightly down for the week but are up sharply over the year.
There’s no stopping the real estate market, particularly in Sydney, with popular areas seeing clearance rates of over 90%.
Listed property trusts have had a stellar run, and many are now trading above net asset value, but there could be some value left in some.
The auction clearance rate continues to remain strong despite high volumes across the country.