CoreLogic released its auction report yesterday, which reported a slight firming in the national auction clearance rate to 71.5% from 70.7% last weekend, but was just below the 72.2% recorded in the same weekend last year:
Auction volumes nationally were 1,846 – above the 1,540 recorded in the same weekend last year.
As shown above, Sydney’s auction clearance rate was 71.1%, above the 68.0% recorded last weekend but well below last year’s 77.5%. However, auction volumes were higher, with 615 homes going under the hammer versus 544 on the same weekend last year:
Melbourne’s auction clearance rate was 75.7%, below the 77.2% recorded last weekend but above last year’s clearance rate of 74.2%. Auction volumes were also higher (907 versus 724):
In Brisbane, the auction clearance rate fell to 48.8% from 53.4% last week, and was below last year’s 54.5%. However, auction volumes were higher (153 versus 127):
Finally, in Adelaide, the clearance rate rose to 69.4% from 64.3% last week, and was above the same weekend last year (63.5%). Auction volumes were also higher than last year’s (59 versus 58):
