Sydney recorded the strongest clearance rate of 53.7% across 129 auctions. Melbourne had the highest number of homes auctioned, 156, and a clearance rate of 44.1%. Adelaide was the second best performing auction market this week with 102 homes taken to auction, and a clearance rate of 52.8%.
It is important to note that volumes are significantly lower than what we are seeing at the end of last year. With such low activity, clearance rates are less indicative of auction conditions for 2019. We may