CoreLogic has released the final auction clearance rate for last weekend, which recovered to 59.9% from 47.5% the week prior; albeit off weak volumes:
According to CoreLogic:
The capital city final auction clearance rate came in at 59.9% last week, the highest final result we’ve seen since Mid-March. The improved clearance rate was across a lower volume of auctions with 480 held, down on the 612 held over the week prior when 47.5% cleared. Of the 395 results collected, 22% were withdrawn which was much lower than the 50% seen a few weeks ago, which is the main factor in the improvement of clearances rates. The number of ‘sold prior’ results was slightly lower this week, however still remain higher than we would usually see with 43.8% of properties selling prior to the scheduled date.
