According to RP Data week ending 28th Feb had auction clearance rate of 82.8 per cent was recorded with 86.2 per cent the week before compared to 77.6 per cent last year. This is the fourth consecutive week in excess of 80 per cent making it the strongest capital city auction market in Australia . According to the report “the Sydney auction market is in uncharted territory now”.

Melbourne’s volume is still on par but clearance rates lag slightly but are still healthy at consistently  +75 percent .

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