The number of properties sold at auctions continued to hold strongly despite threats of further rate rises ahead according to a new figure from rpdata.com.
During the week ending 29 November, auction clearance rates rose in most capital cities led by Canberra t 83.1%. Melbourne held steady at 76.6% while Sydney recorded a healthy 72% clearance rates.
There were a total of 1,035 properties up for grabs in Melbourne, up 40% from a week ago. Adelaide has a busy week as well. There were a total of 80 properties up for auction with 50 selling under the hammer.
Source: RP Data
Collections: Mortgage News