Chinese New Year brings good fortune to auctions

Auctions performed well at the weekend with Chinese New Year bringing interest from foreign investors and domestic buyers alike. Sydney saw an exceptionally strong clearance rate of 85 per cent, up 5 per cent from last weekend and just below the rate achieved for the same weekend last year. In Melbourne the clearance rate was up to 77 per cent from 73 per cent last week, Brisbane surged from 44 per cent last week to 57 per cent and Adelaide increased from 56 per cent a week ago to 62 per cent. The national clearance rate was 79 per cent, up from 74 per cent last weekend.

Above is an extract from http://www.yourmortgage.com.au/article/market-watch-chinese-new-year-brings-good-fortune-to-auctions-197220.aspx

4C Realty

Caroline He