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Preliminary clearance rates were stronger in Brisbane, at practically 70 per cent up from simply over 50 per cent this time final yr, and Perth, the place 52 per cent of auctioned properties sold versus simply 30 per cent last year. House costs and rates of interest House worth falls are all but baked in as rates of interest begin rising over the subsequent couple of years, writes Michael Janda. Read moreLikewise, Melbourne’s preliminary clearance rate was sixty two.3 per cent (down from 69.4 per cent on the identical time in 2020), while Canberra’s was 73 per cent . Just 60.8 per cent of auction outcomes reported thus far in Sydney resulted in gross sales. However, with the variety of properties for sale climbing quickly, the success fee at auctions has dropped sharply in plenty of cities. As an entire, 2021 has damaged the earlier 2017 report for many real …