Core Logic-RP Data released its auction market report yesterday, which posted a further deceleration in the preliminary national auction clearance rate driven by falls in both Melbourne and Sydney.
The preliminary national clearance rate was 66.6%, down from the 69.3% rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell a further 2.2% to 64.4%, whereas Melbourne’s was 69.8%, down significantly from the 73.6% rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 54.8%, up slightly from the 53.2% recorded last weekend. Overall auction volumes (3,086) were up from the 2,817 auctions recorded last weekend:
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