CoreLogic has released its final auction clearance results for last weekend, which reveals that the nation’s clearance rate hit a 6-year high of 79.3%:
Sydney’s final clearance rate was a red hot 84.4%, whereas Melbourne’s was also strong at 76.0%. Even the smaller capitals, which don’t run many auctions, reported strong results:
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The number of auctions held last weekend (1,304) was also higher than the same time last year (1,167).
The strong auction results in Sydney and Melbourne points to rising price growth across both markets, according to historical correlations:
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