Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Monday 9 September 2019

Auctions rise

Hammer time

Preliminary auction clearance rates rose to 77 per cent, versus 73 per cent for the preceding weekend (and 55 per cent a year earlier) confirming an Aussie market in recovery.

The result was driven by Sydney at 83.1 per cent (up by a dramatic 33 per cent from a year earlier). 


Source: CoreLogic

Melbourne recorded a solid 76 per cent result from a not-insignificant 769 results.

Unusually, Brisbane's clearance rate was above 60 per cent.

But Sydney is leading the way, in part driven by a flood of capital out of Hong Kong, at least according to market scuttlebutt: