CoreLogic released its auction report yesterday, which reported a small fall in the preliminary national auction clearance rate to 69.4% from 70.6% last weekend, and remained well below the 78.1% recorded in the same weekend last year:
Auction volumes nationally were 2,471 – below the 2,680 recorded in the same weekend last year:
As shown above, Sydney’s auction clearance rate was 68.8%, below the 69.5% recorded last weekend and way below last year’s 82.6%. Auction volumes were also lower, with 806 homes going under the hammer versus 897 on the same weekend last year:
Melbourne’s auction clearance rate was 73.3%, below the 74.8% recorded last weekend and below year’s clearance rate of 80.6%. Auction volumes were also slightly than last year (1,224 versus 1,377):
In Brisbane, the auction clearance rate rose to 51.5% from 50.0% last week, and was above last year’s 50.3%. However, auction volumes were lower (171 versus 191):
Finally, in Adelaide, the clearance rate fell to 66.1% from 68.4% last week, and was below the same weekend last year (71.3%). However, auction volumes were higher than last year’s (147 versus 100):
