The clearance rates for Sydney, Melbourne and Adelaide have all exceeded 70% as the surprising resilience of the housing sector continues in August 2009.
According to the Australian property Monitors, Brisbane was the softest market for the week with a clearance rate of 34 per cent. Melbourne recorded a 78 per cent clearance rate, up from 56 per cent a year ago, while Sydney recorded a 73 per cent clearance rate, compared with 54 per cent 12 months ago. The total number of houses sold in Adelaide also fell, down from 16 last weekend to just 6 this weekend.
Posts
