Final auction clearance rate surges to mid-70s

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

Today, CoreLogic has released its final auction results, which reported a 3.8% decline in the final national auction clearance rate to 73.5% – well above the same weekend last year (47.0%) and above last week’s 67.6%:

As you can see, Sydney’s final auction clearance rate was 5.4% lower than the preliminary reported rate, whereas Melbourne’s was 1.5% lower. However, both were in the mid-70s and tower above last year’s 45.1% (Sydney) and 50.4% (Melbourne).