Core Logic-RP Data released its auction market report yesterday, which posted a decent fall in the preliminary national clearance rate driven by Sydney and Melbourne.
The preliminary national auction clearance rate was 68.1%, down from the 72.4% clearance rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell 4.7% to 68.6%, whereas Melbourne’s was 70.6%, down from the 75.0% rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 52.3%, down from the 58.3% recorded last weekend. Whereas Adelaide’s preliminary auction clearance rate also weakened, down from 72.7% last weekend to 67.6%. Overall auction volumes also fell to 2,253 from the 2,620 auctions recorded last weekend:
