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Sydney's auction clearance rate hit 80% on the weekend, as buyers spurred on by lower interest rates competed for a smaller number of properties.
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Winter auctions are a viable option as clearance rates remain healthy.
Last week's rate cut and the looming federal election meant the weekend's auction results were solid, but still down significantly from last year.
Clearance rates are holding up in Sydney and Melbourne.
Sydney and Melbourne both recorded clearance rates of 74% over the weekend, though volumes are down.
Melbourne's clearance rate was up this week and volumes were strong, while in Sydney the clearance rate eased amid thin volumes.
With auction clearance rates in Sydney above 80%, the forecast 'Big Short' style property correction is nowhere in sight.
While volumes remained low, clearance rates at auctions over the weekend were high, indicating there is still plenty of demand for property.
Sydney auction clearance rates have stabilised, and Melbourne auction volumes remain strong.
Auction volumes and clearance rates do not slow significantly in the lead up to Christmas.
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