CoreLogic’s preliminary auction report reported only a moderate fall in the preliminary clearance rate (from 65.1% to 62.2%) off softer volumes:
According to CoreLogic:
In Sydney, 538 homes were scheduled for auction this week, down from 580 over the previous week, although higher than one year ago when 316 homes were taken to auction across the city. Of the 294 auction results collected so far, 62.6 per cent were successful. In comparison, the previous week reported a final clearance rate of 61.5 per cent, while a clearance rate of 72.8 per cent was recorded this time last year.
