CoreLogic released its auction report yesterday, which reported an increase in the preliminary national auction clearance rate to 69.1% from 67.7% last week (later revised down to 63.7%). However, the preliminary clearance rate was still well below the 74.9% recorded in the same weekend of last year:
Nevertheless, as you can see above, the trend clearance rate has bounced.
Auction volumes nationally were at at 1,963 – also below the 2,291 recorded in the same weekend last year:
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As shown above, clearances in Sydney (-6.3%), Melbourne (-5.0%), Perth (-8.8%), Tassie (-27.5%), and Canberra (-17.3%) were below the same weekend last year, whereas it was higher in Brisbane (+1.8%).
The table shows the breakdown by houses and units:
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