Core Logic-RP Data released its auction market report yesterday, which posted a decent fall in the national auction clearance, with falls recorded across each of the major auction markets.
The preliminary national auction clearance rate was 67.5% this week, down from the 71.0% clearance rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell by 1.4% to 72.6%, whereas Melbourne’s fell by 2.8% to 71.2%. Clearances in Brisbane, which typically only has a small number of auctions, fell by 5.6% to 43.9%, whereas Adelaide’s preliminary auction clearance rate fell by 4.7% to 59.7%. Overall auction volumes also fell to 2,182 compared to 2,519 last week:
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