Of 261 auction results reported in Sydney for the week, 190 found buyers, giving a clearance rate of 72.8 per cent – up from 46.9 per cent a year earlier. Photo: Bloomberg
Of 261 auction results reported in Sydney for the week, 190 found buyers, giving a clearance rate of 72.8 per cent – up from 46.9 per cent a year earlier. Photo: Bloomberg
International Property
Property /  International

Home auction demand rises in Australia, raising hopes of a market turnaround

  • Country’s housing stock stands at almost four times annual GDP, according to Australian Bureau of Statistics
  • Number of buyers purchasing auctioned properties has increased from a year ago

Reuters
Reuters

Updated: 6:11pm, 23 Jul, 2019

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Of 261 auction results reported in Sydney for the week, 190 found buyers, giving a clearance rate of 72.8 per cent – up from 46.9 per cent a year earlier. Photo: Bloomberg
Of 261 auction results reported in Sydney for the week, 190 found buyers, giving a clearance rate of 72.8 per cent – up from 46.9 per cent a year earlier. Photo: Bloomberg
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