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:
