City auction markets log highest clearance rate in over a year
There were 901 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 70.6 per cent, according to CoreLogic.
Melbourne property market showing signs of slowing
CoreLogic's final auction numbers show that Melbourne's clearance rate fell below 70 per cent to 69.2 per cent last week, the city's weakest result since July 2016.
Auction clearance rates were below 70% around the country last week except in Melbourne, where solid volumes were recorded and the clearance rate was in the mid 70s.
Sydney market headed for "a few years of flat capital growth": REINSW
Buyers and sellers in the Sydney real estate market should expect a strong spring, but then a few years of flat capital growth, says John Cunningham, president of the REINSW.