CoreLogic released its auction report yesterday, which reported a small fall in the preliminary national auction clearance rate to 63.1% from 63.5% last weekend, and remained well below the 71.6% recorded in the same weekend last year:
Auction volumes nationally were 3,353 – slightly above the 3,432 recorded in the same weekend last year:
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As shown above, Sydney’s auction clearance rate slumped to 58.7% from 62.4% the prior weekend, and remained way below last year’s 73.7%. Auction volumes were also below the same weekend last year (i.e. 990 versus 1,168):
