The national auction clearance rate rose marginally over the weekend, continuing the record run of strong results.
The preliminary national clearance rate was 78.0%, up slightly from the 77.7% recorded last weekend, according to Core Logic-RP Data:
Sydney’s clearance rate fell by 0.4% to 83.5%, whereas Melbourne’s was 78.5%, down marginally from the 79.2% clearance rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 51.1%, which was down from the 55.4% recorded last weekend. Overall auction volumes (2,205) were virtually unchanged from the 2,207 auctions recorded last weekend:
As shown in the next chart, Melbourne auction clearances are locked at a high level, up 10.2% over the year:
Sydney’s clearance rate also remains stuck in the stratosphere, up 12.4% over the year:
