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Twice the Value_ Half the Doubt: Auction Market Regains Its Mojo in Sydney and Melbourne

  • Melbourne recorded its seventh consecutive week with a preliminary clearance rate above 70 percent, reaching 70.1 percent this week.
  • The number of capital city auctions increased by over 60 percent, with 2,216 homes auctioned this week.
  • Sydney's preliminary clearance rate rose to 70.5 percent, the highest in three weeks.
  • Mr. Ponte noted that buyer confidence has increased, with an average of 3.1 active bidders at all auctions this week.
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Australian Financial Review broke the news in Sydney, Australia on Sunday, June 15, 2025.
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