Core Logic-RP Data released its auction market report yesterday, which posted a big rebound in the preliminary national clearance rate driven by Sydney.
The preliminary national auction clearance rate was 71.0%, up from the 61.8% preliminary rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate rose 25.0% to 70.2%, whereas Melbourne’s was 80.1%, up from the 71.3% rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 55.8%, up from the 50.0% recorded last weekend. Whereas Adelaide’s preliminary auction clearance rate rose sharply, up from 67.7% last weekend to 79.4%. Overall auction volumes (854) remained fairly low, but were up significantly from from the 435 auctions recorded last weekend:
