Core Logic-RP Data released its auction market report yesterday, which posted another rise in the preliminary national clearance rate driven again by Sydney.
The preliminary national auction clearance rate was 72.3%, up from the 71.0% preliminary rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate rose 8.4% to 78.6%, whereas Melbourne’s was 73.6%, down from the 80.1% rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 53.3%, down from the 55.8% recorded last weekend. Whereas Adelaide’s preliminary auction clearance rate strengthened further, up from 79.4% last weekend to 81.4%. However, overall auction volumes (1,331) remained fairly low, but were up significantly from from the 854 auctions recorded last weekend:
