After last week’s final auction clearance rate hit a 15-month high, CoreLogic’s preliminary auction clearance rate for the weekend’s auctions rose to 68.9% from 66.5% last weekend – the fourth consecutive week that the clearance rate was above 60%:
However, auction volumes fell to 945 – well down on last year’s 1,411:
When the final results come in later in the week, the national clearance rate should fall to the mid-60s, with Sydney’s in the low-70s and Melbourne’s in the high 60s.
Domain’s auction results were lower but based on a much smaller sample. These too showed preliminary clearance rates well above 60.
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