Good news I guess for the AUS side of the business
Auction clearance rates jumped to 80 per cent in Sydney and 75 per cent in Melbourne this week, even as listing numbers more than doubled, providing strong evidence of the strength of the rebounding housing market.
In weaker markets, a rise in auction listings would normally trigger a drop in the clearance rate, but buyers – especially those purchasing their first home – have snapped up the higher number of homes for sale after being starved of opportunities previously.
