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1.Market Observations, 8.Was Sticky

23 Sept 2019 (AFR) – Auction clearances hold steady even as volumes rise for spring

(23 September 2019, AFR, p6, Nick Lenaghan, Property Editor)

‘Clearances rates across the major markets of Sydney and Melbourne have held up amid a surge in auction listings as the traditional spring selling season gains momentum. Nationally the clearance rate was 74 per cent, on preliminary figures from CoreLogic. Sydney was at 76.6 per cent and Melbourne at 77.8 per cent. Last week’s final clearance rate was 75.7 per cent, and remained above 80 per cent in Sydney. High clearance rates this week were maintained even as the number of listings rose more than one fifth to near 2000 homes listed for auction nationally.’

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