CoreLogic released its auction report yesterday, which reported a small rise in the preliminary national auction clearance rate to 64.2% from 63.1% last weekend, but remained well below the 68.3% recorded in the same weekend last year:
Auction volumes nationally were 2,865 – slightly above the 2,735 recorded in the same weekend last year:
As shown above, Sydney’s auction clearance rate rebounded to 60.8% from 58.7% the prior weekend, but remained way below last year’s 71.4%. Auction volumes were also below the same weekend last year (i.e. 690 versus 878):
Melbourne’s auction clearance rate was 67.3%, slightly above the 67.4% recorded last weekend but well below last year’s clearance rate of 73.9%. Auction volumes were also way higher than last year (i.e. 1,628 versus 1,288):
In Brisbane, the auction clearance rate rose to 54.8% from 46.6% last week, and was above last year’s 42.6%. However, auction volumes were lower (i.e. 196 versus 234):
Finally, in Adelaide, the clearance rate rose to 70.1% from 65.0% last week, and was above the same weekend last year (58.4%). Auction volumes were also higher than last year’s (i.e. 152 versus 136):
