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Buyers were out in numbers over the weekend as three-quarters of all homes sold under the hammer, despite a surge in listings and talk of a rate hike in 2022.

Auction clearance rates dip as housing boom slows Share Auction clearance rates dipped slightly in Sydney and Melbourne over the past week in a sign that the record-breaking housing surge may be slowing. In both capital cities, lower auction clearance rates were recorded even though there were fewer homes listed for sale compared with a week ago. This two-bedroom apartment in St Leonards sold $161,000 above the reserve for $1.656m  Sydney recorded a preliminary auction clearance rate of 82.1 per cent across 777 auctions, compared with last week’s preliminary figure of 84.8 per cent, later ...

Tawar Razaghi Save Share Hesitant bidders fought it out in a marathon auction for a deceased estate in the inner-west Sydney suburb of Haberfield on Saturday – and the hammer eventually fell at $3.255 million. The four-bedroom Federation house at 46 Waratah Street drew a crowd of more than two dozen, including six registered bidders, but the parties were wary of overpaying as Sydney house prices rocket to record heights. 46 Waratah Street, Haberfield.  It was one of 762 homes scheduled for auction in Sydney on Saturday. By evening, Domain Group recorded a preliminary clearance rate of...

A ‘perfect storm’ smashes auction reserves Save Share Four in five properties changed hands at auction over the past week, as buyers proved more than a match for a growing pool of listings and bid strongly past reserve prices. Sydney’s preliminary clearance rate on the weekend bettered the previous week’s, hitting 87.4 per cent. Melbourne was at 80.3 per cent, pegging level with a week earlier even as listing volumes more than doubled. Nationally, the clearance rate was a strong 83.2 per cent, with a total of 2232 auctions listed on CoreLogic’s preliminary tally. The ...