Auction volumes were low for all capital cities over the weekend, as the nation celebrated ANZAC day. National clearance rate dropped to 64% from the previous week’s 65.5%. Despite the low clearance rate, a total of 859 auctions were held in key capital cities. The weekend clearance rate was the lowest for the year.

Sydney led all capital cities with a clearance rate of 72%, followed by Melbourne at 63.6%. The overall clearance rate was pulled further down by Perth’s clearance rate of 14.3%.

Read more about this on the Property Observer website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.