Up for sale: A man walks past a real estate agent’s window advertising houses for sale and auction in Melbourne. Melbourne recorded the largest number of properties listed for auction, with 546 of them recording a clearance rate of 74.02%. — AFP
MELBOURNE: Australia’s housing market has shown further signs of recovery, with the real estate industry experiencing improved auction demand at weekend auctions, although the number of properties listed for sale remains low.
Preliminary data released by property consultant firm CoreLogic showed an average clearance rate of 71.21% for the 1,115 properties listed for auction in state capital cities during the last week of July.
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