CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 66.9% from 65.4% last weekend, but remained well below the 73.0% recorded in the same weekend last year:
Auction volumes nationally were 3,409 – slightly above the 3,398 recorded in the same weekend last year:
As shown above, Sydney’s auction clearance rate rebounded to 66.2% from 61.5% the prior weekend, but remained way below last year’s 77.1%. Auction volumes were slightly below the same weekend last year (i.e. 1,200 versus 1,262):
Melbourne’s auction clearance rate was 69.0%, slightly above the 69.6% recorded last weekend but well below last year’s clearance rate of 76.1%. However, auction volumes were higher than last year (i.e. 1,727 versus 1,616):
In Brisbane, the auction clearance rate rose to 57.6% from 49.6% last week, and was well above last year’s 43.8%. However, auction volumes were lower (i.e. 152 versus 191):
Finally, in Adelaide, the clearance rate rose to 67.6% from 66.3% last week, and was slightly above the same weekend last year (63.1%). Auction volumes were also higher than last year’s (i.e. 153 versus 144):
