Auction clearance rate surges as ‘signs point in right direction’
Auction clearance rates this week hit their highest level in over 18 months – and their highest in Sydney in over two years – as the strong start to the summer selling season gathered momentum on the back of a likely peaking of interest rates.
The national preliminary clearance rate jumped to 76.2 per cent, up from last week’s 73.9 per cent (which was revised down to a final 68.3 per cent), according to CoreLogic.
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