The recent surge in home buying activity shows no signs of abating as Sydney and Melbourne both recorded auction clearance results above 70 per cent over the weekend.
More than 260 properties went under the hammer in Melbourne this weekend, 190 of which were sold for a clearance rate of 72.2 per cent.
In Sydney, 79 properties were sold for a combined total of $61.5 million and a clearance rate of 72.5 per cent. The number sold was done on last weekend’s 382 properties however – a possible result of the long weekend and the Rugby League Grand Final.
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