Core Logic-RP Data released its auction market report yesterday, which posted a slight rebound in the national auction clearance rate.
The preliminary national auction clearance rate was 67.8% this week, up slightly from the 67.0% clearance rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell by another 3.5% to 67.4%, whereas Melbourne’s rebounded to 73.2%, up from 68.0% last week. Clearances in Brisbane, which typically only has a small number of auctions, were basically unchanged at 56.6% versus 57.0% recorded last weekend. By contrast, Adelaide’s preliminary auction clearance rate fell to 63.6% from the 68.9% recorded last week. Overall auction volumes rose, however, to 1,809 compared to 1,543 last week:
