The Australian property market continued to show signs of strong recovery over the weekend, with the total auction revenue significantly higher than the same time last year.
Auction clearance rates in Sydney reached 75.3% at the weekend, up 2.1 percentage points from the previous week, while Adelaide clearances were up 18.6 percentage points to 76.5%.
According to Australian Property Monitors, total weekend auction revenue for Sydney, Melbourne, Brisbane and Adelaide was up $146m on the same time last year.
The Australian
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