Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 3 October 2016

Golden week

Golden week

Chinese buyers were out in force in Melbourne for "golden week".

There were only 111 auctions in Melbourne due to the AFL Grand Final and the long weekend. 

Even so, a preliminary clearance rate of a massive 92.8 per cent was recorded...

Source: CoreLogic

Sydney also recorded a super-strong preliminary auction clearance rate of 83.8 per cent from 519 auctions.

This time last year Sydney's clearance rate was only 69.9 per cent.