Melbourne lockdown pulls auction clearances down

CoreLogic’s preliminary report on the weekend’s auctions reported a lower clearance rate courtesy of Melbourne’s second weekend of hard lockdown.

The national preliminary clearance rate fell to 73.5% from 75.7% the prior weekend. This was off 2,691 auctions, down from the prior weekend’s 2,930.

Sydney continued its strong run recording a preliminary clearance rate of 79.6% off 1,171 auctions, down from the prior weekend’s 81.0% preliminary clearance rate off 1,177 auctions.

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