Sydney home buyers bounced back from their holiday break with optimism, pushing up the auction clearance rate in defiance of expectations the year to come will be lacklustre, even once interest rates start to fall.
The preliminary clearance rate in the NSW capital leaped to 67.5 per cent from 59.5 per cent a week earlier, CoreLogic figures showed.
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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. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
