According to the latest real estate auction data released by the real estate research institute Domain, the initial clearance rate of the Melbourne housing auction last weekend was 62%, and the final clearance rate of the previous week was 49%.
Shane Oliver, chief economist at Able Capital, predicts that the number of housing auction listings, sales, and clearance rates in the cities have all increased. However, the impact of the new crown epidemic on the real estate market will not really become apparent until September.
