Core Logic released its auction market report yesterday, which posted another small rise in the national auction clearance rate albeit on relatively low volumes.
The preliminary national auction clearance rate was 72.0% this week, up from the 70.7% clearance rate recorded last weekend, according to Core Logic:
Sydney’s preliminary clearance rate fell by 1.4% to 79.0%, whereas Melbourne’s rose by 0.3% to 71.9%. Clearances in Brisbane, which typically only has a small number of auctions, rose by 5.4% to 44.0%, whereas Adelaide’s preliminary auction clearance rate fell by 1.9% to 72.3%. However, overall auction volumes rose to 1,365 from 811 last week, obviously due to the Federal Election. Although volumes were down significantly from the 1,704 recorded at the same weekend last year:
The full text of this article is available to MacroBusiness subscribers
