Sydney’s final auction clearance rate hits two-year high

Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Yesterday, CoreLogic has released its final auction results, which reported a 4.9% decline in the final national auction clearance rate to 64.0% – well above the same weekend last year (52.6%) and above last week’s 62.9%:

As you can see, Sydney’s final auction clearance rate was 6.9% lower, whereas Melbourne’s was 3.1% lower. However, both final clearances in Sydney and Melbourne were well above last year’s 50.1% and 56.1%. Sydney’s clearance rate was also the highest in more than two years (June 2017).