Making up for lost time: eight out of 10 homes sell
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Homebuyers are making up for lost time after the Easter break, smashing reserves and pushing preliminary clearance rates past 80 per cent even as overall auction listings rose across the country.
Nationally, 80.5 per cent of the 2448 homes listed for auction changed hands, a marginally stronger clearance rate from a larger volume of auctions than a week earlier, on CoreLogic’s preliminary results.
The 1950s era brick home at 2 Lambert Street in Cammeray sold for $3.1 million.
In Sydney, the clearance rate hit 84.8 per cent from 913 auctions listed. That result betters the previous week’s preliminary figure of 82.8 per cent from 821 auctions. The final tally was revised down to 81.4 per cent.
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