Hammer time
Tim Lawless of CoreLogic reported that auctions continue to go from strength to strength.
Auction numbers are now higher than a year ago, and continue to show strong solid clearance rates, especially in Sydney.
Even relatively beleaguered units in Sydney recorded a preliminary clearance rate of above 72 per cent, which is very solid.
Source: CoreLogic
The northern beaches and the inner west recorded the highest clearance rates in Sydney, at around 90 per cent.
Auction numbers will be higher again over the forthcoming week.
Lawless anticipates that conditions will continue to strengthen, especially if interest rates are cut on Tuesday this week (as they likely will be).
