"The Sydney Auction market took a leap forward this weekend," says John Cunningham, president of the REINSW, with the clearance rate recovering from its plunge into the 50s the previous week.
Revised auction clearance rate one of the lowest this year
But Gil King, the CEO of the REIV, told SCHWARTZWILLIAMS that last week auction volumes and sales in Victoria were ahead of those for the same period last year.