Core Logic released its auction market report yesterday, which posted another rise in the national auction clearance rate but on thin volumes.
The preliminary national auction clearance rate was 74.9% this week, up from the 73.9% clearance rate recorded last weekend, according to Core Logic:
Sydney’s preliminary clearance rate jumped by 5.1% to 80.4%, whereas Melbourne’s rose by 0.5% to 76.1%. Clearances in Brisbane, which typically only has a small number of auctions, rose by 3.7% to 59.1%, whereas Adelaide’s preliminary auction clearance rate fell by 4.2% to 67.4%, but off even skinnier volumes. Overall auction volumes fell to 1,517 versus 1,585 last week. However, volumes were down massively from the 2,512 recorded at the same weekend last year:
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