On the eve of spring, RP Data recorded a preliminary clearance rate of 72.2% across the capital cities. This compares to 69.5% last week, and 71.5% this time last year.
Weekly clearance rate, combined capital cities
RP Data Housing Market Specialist, Robert Larocca, said that data from the last four weeks has shown we will head into spring with the most robust market performance since 2010 – with more homes being sold at auction, and price hikes in most capital cities.
Sydney should also continue to deliver solid results throughout spring if its recent performance has been any indicator, with an impressive 81.1% clearance rate this week, compared to 76.1% last week.