CoreLogic released its auction report yesterday, which reported a softening in the national auction clearance rate to 70.7% from 74.8% last weekend, and was also below the 72.0% recorded in the same weekend last year:
Auction volumes nationally were 1,957 – above the 1,610 recorded in the same weekend last year.
As shown above, Sydney’s auction clearance rate was 68.0%, below the 74.9% recorded last weekend and well below last year’s 78.0%. However, auction volumes were higher, with 704 homes going under the hammer versus 509 on the same weekend last year:
Melbourne’s auction clearance rate was 77.2%, below the 79.4% recorded last weekend but above last year’s clearance rate of 75.3%. Auction volumes were also higher (943 versus 752):
In Brisbane, the auction clearance rate rose to 53.4% from 50.6% last week, and was above last year’s 48.5%. Auction volumes were also slightly higher (158 versus 156):
Finally, in Adelaide, the clearance rate fell to 64.3% from 69.0% last week, and was below the same weekend last year (68.8%). Auction volumes were also lower than last year’s (80 versus 107):
