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Australian homes under the hammer snapped up at incredible rates, tight supply to push prices higher – PerthNow
Residential property prices look set to continue surging in 2021, with staggering 100 per cent auction clearance rates in some areas.
Residential property prices look set to keep surging this year, with staggering 100 per cent auction clearance rates in some areas.
CoreLogic auctions data released on Monday showed there was an average preliminary clearance rate of 83.8 per cent across the combined capital cities last week, up from 81.1 per cent the previous week.
More homes went under the hammer, with 1287 auctions compared with 884 the week prior.
Sydney was a standout performer, with a clearance rate of 89.1 per cent.
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