CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, with the national auction clearance rate falling to 76.2% from 80.8% last week, and remained well above the 68.8% recorded in the same weekend last year:
However, auction volumes nationally (2,844) were well below the same weekend last year (3,540).
As shown above, Sydney’s auction clearance rate was 83.9%, just above last weekend’s 83.1% but well above last year’s 71.8%. Auction volumes were weaker, however, with 962 homes going under the hammer versus 1,114 on the same weekend last year:
Melbourne’s auction clearance rate fell to 75.9% versus last weekend’s 84.3%, but was above last year’s clearance rate of 72.1%. However, auction volumes were lower (1,415 versus 1,788):
In Brisbane, the auction clearance rate fell to 49.4% from 61.1% last weekend, and was similar to last year’s 49.6%. However, auction volumes were down on last year’s (175 versus 284):
Finally, in Adelaide, the clearance rate fell to 64.7% versus 87.0% last weekend, and was down slightly on the same weekend last year (67.6%). Auction volumes were also down on last year’s (105 versus 145):