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1.Market Observations, 8.Was Sticky

3 Apr 2017 (AFR) – Sydney, Melbourne auction clearance rates top 80pc as listings fall

(3 April 2017, AFR, p8, by Michael Bleby)

‘Sydney and Melbourne’s sizzling housing markets stepped up the pressure on buyers last week as both cities recorded auction clearance rates of more than 80 per cent. The stronger figures, driven in part by a Melbourne auction market down by almost 500 properties from last week, pulled the preliminary national auction clearance rate up to 78.1 per cent from 74.5 per cent a week earlier, CoreLogic figures showed.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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