The number of properties listed for auction rose significantly during the week ending 26 July amid signs of a recovery in the sector a new data showed.
According to rpdata.com, Sydney recorded a total of 354 properties listed for auction this week - a 29% increase from a week ago. Out of this, 173 properties were sold during auction, equating to a 69.2% clearance rate.
Melbourne saw a 17% increase to 458 properties listed for auction. Eager buyers snapped up 290 properties or 83.8% of the total offering.
Adelaide also saw a dramatic improvement in clearance rate at 78% or 25 out of 48 properties were sold during auction in the same period.
||Clearance rates for week ending 26 July
Data provided by RP Data
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