The number of properties sold in auctions rose sharply in Adelaide and Canberra amid growing confidence among investors. During the week ending 16 August, clearance rates in Adelaide jumped to 71%- a significant gain from the previous week where clearance rate was at 59.1% according to the latest figures from rpdata.com.
Canberra also recorded strong auction results. Clearance rate rose to 90.9% from 75% during the previous week. Sydney and Melbourne continue to attract buyers and sellers at auctions. Clearance rates remain strong at 74% and 85.9% respectively.
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