“This was the fifth time in six weeks the preliminary clearance price for Melbourne has held above 75% and the thirteenth straight week of 70%+ early clearance rates,” mentioned Caitlin Fono (pictured), analyst at Cotality.
“Sydney’s clearance price pattern hasn’t been as robust as Melbourne’s. “Although down one proportion level from the week prior (74.8%), at 73.8%, final week was the seventh consecutive week of 70%-plus preliminary clearance rates throughout Sydney.”
Brisbane noticed 190 auctions final week, the highest since late May, up from 154 the earlier week. “The preliminary clearance price, at 74.5%, was Brisbane’s second-highest to this point this year after the final week of June at 76.1%,” Fono mentioned.
Adelaide’s public sale numbers had been unchanged at 86, however its clearance price slipped under 70% for the primary time in two weeks, coming in at 69.1%.
