Buyers who are confident of lower borrowing costs in the near future have lifted the preliminary clearance rate to 74.7 per cent, a 12-month high, while auction volumes have also picked up.
The result points to a strong spring market as the upturn in the east coast market takes hold.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
