CoreLogic released its auction report yesterday, which reported another fall in the preliminary national auction clearance rate to 66.8% from 67.8% last weekend, and remained well below the 73.6% recorded in the same weekend last year:
Auction volumes nationally were 2,019 – below the 2,517 recorded in the same weekend last year, with volumes affected by the Melbourne Spring Racing Carnival:
As shown above, Sydney’s auction clearance rate rebounded to 67.4% from 64.1% the prior weekend, but remained way below last year’s 78.8%. However. auction volumes were higher, with 1,217 homes going under the hammer versus 1,087 on the same weekend last year:
Melbourne’s auction clearance rate was 77.3%, above the 71.7% recorded last weekend and above last year’s clearance rate of 76.1%. Again, auction volumes were way lower than last year on account of the Spring Racing Carnival (309 versus 927):
In Brisbane, the auction clearance rate rose to 53.5% from 47.1% last week, but was above last year’s 50.0%. However, auction volumes were lower (169 versus 181):
Finally, in Adelaide, the clearance rate fell to 65.5% from 70.0% last week, and was roughly the same as last year (65.6%). However, auction volumes were lower than last year’s (125 versus 144):
