CoreLogic has released the final auction clearance rate for last weekend, which recovered slightly to 47.5%:
According to CoreLogic:
There were 612 capital city homes taken to auction last week, returning a final auction clearance rate of 47.5%. This was an improvement on the week prior when 41.1% of the 413 auctions returned a successful result. Last week saw withdrawal rates much lower that what we’ve seen over the past month as the flow of auctions scheduled ‘pre- restrictions’ tapers. Of the 531 results collected, 26% were withdrawn compared with the 50% seen two weeks ago. The number of ‘sold prior’ results remains higher than usual with 52% of properties selling prior to the scheduled auction date.
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