Buyers on Increase - Clearance Rates Continue Upward Trend

Auction clearance rates were up in almost every capital city last weekend, according to Australian Property Monitors (APM).

The auction clearance rate in Sydney hit a healthy 74.2 per cent, with $84.2 million in property sold.

The 74 per cent auction success rate was well up on the same Saturday last year when a 46 per cent rate was achieved.