Auction clearance rate slides into the 60s

Auction clearance rates retraced over the weekend, with the preliminary rate nationally falling to 69.2% from 74.5% last weekend:

However, the nation auction clearance rate was still way above the 41.0% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 73.6%, down from 78.1% last weekend, but way above the 41.3% recorded in the same weekend last year.

Melbourne’s preliminary clearance rate was 73.2%, down from 75.3% last weekend, but also way above the 43.8% recorded in the same weekend last year.

Auction volumes (2,750) were also above the same weekend last year (2,631).

Leith van Onselen
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