Business
Sydney clearance rate hits two-month high as Melbourne flounders – The Australian Financial Review
Even as the pandemic hits Melbourne harder than Sydney, there are property buyers with money in both cities. But the current ‘Twilight Zone’ will end.
Brisbane posted a 59.1 per cent preliminary rate based on the 44 reported results of 62 scheduled auctions. Adelaide’s reading was 64.3 per cent based on 28 out of 43 auctions and Perth, with just 17 scheduled auctions, reported a preliminary clearance rate of 40 per cent, with just 10 auctions reported and four sold. The national rate was 59.2 per cent.
The Vaucluse house on a wedge-shaped block offered views back towards the city.
The CoreLogic figures were higher than, but reflected a sim…
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