auction results weekend

Auction volumes fell significantly across Australia thanks to the Queen's Birthday long weekend in most states and territories.

While tighter lending restrictions and the "winter effect" have seen clearance rates dip in Melbourne, vendors who are prepared to meet the market have come out on top over the weekend.

While lending constraints hindered many buyers in Sydney over the weekend, clearance rates don't paint the full picture. 

While preliminary clearance rates and auction volumes dropped slightly over the weekend, the prime markets in both Sydney and Melbourne performed well, as buyers seek 'safe haven' suburbs.