Australia news live: auction clearances nudge up after weeks under 50%; state farewell for Richard Scolyer

Almost 55% of homes at auction were sold, weekend figures show. Follow today’s news live

• Get our breaking news email, free app or daily news podcast

Good morning, and happy Monday. Nick Visser to start off the week with the news of the day. Here’s what’s on deck:

Auction rates climbed slightly across the country, with the figures of homes sold in the combined capitals edging above 50% for the first time in weeks. Overall, 54.8% of homes sold at auction, including 57.5% in Sydney and 56.2% in Melbourne, the nation’s two biggest markets.

Continue reading...