CoreLogic has released its final auction report for last weekend, which recorded a final clearance rate of 77.1%, down from the previous week’s 6-year high of 79.3%:
Sydney’s clearance rate remained turbo-charged at 83.9%, whereas Melbourne’s softened to 70.6%; albeit it was adversely impacted by the 5-day hard lockdown with 25% of auctions withdrawn:
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Auctions aren’t nearly as pervasive in the smaller capitals.
The results across Sydney and Melbourne are still pointing to rising price growth, based on past correlations:
The boom rolls on!
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