CoreLogic’s preliminary auction results reveal a red hot market with the nation’s clearance rate hitting a new high of 86.1%, up from last week’s clearance rate of 83.8%:
Sydney and Melbourne drove the result, both recording clearance rates above 87%:
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The strong clearance rate for Melbourne was curious given the city was forced into a stage 4 lockdown from midnight Friday. CoreLogic explains the result as follows: