01 Jun VIDEO – Market Strengthens More
- Melbourne pips Sydney
- Withdrawals decline again
- Auction numbers at 6 week high
This week, 867 capital city homes were scheduled for auction, with preliminary results returning a 65.9 per cent clearance rate.
Although the number of auctions held remains low, since restrictive policies around open homes and onsite auctions were lifted, the trend has been towards more auctions held and a substantial reduction in the proportion of auctions withdrawn prior to the event. The number of auctions held this week was the highest since the week ending April 19th.
As mentioned over the previous few weeks, with restrictions easing across many states and territories, we will likely see the number of homes taken to auction continue to increase.
Get a full rundown of results in all the capitals. Also a look inside some top sales. Kevin Brogan joins Kevin Turner to present the latest results from Core Logic.