Melbourne shutdown delivers year’s weakest auction result

CoreLogic released its final auction report for last weekend, with the final clearance rate falling to 70.6% from 73.5% the prior weekend. It was the lowest final auction clearance rate recorded in 2021.

Final auction clearance rates

The weakest auction clearances of the year, dragged down by Melbourne.

As usual, Sydney led the market recording a final clearance rate of 75.6% (down slightly from 76.0%), whereas Melbourne’s final clearance rate again fell sharply to 64.0% from 71.7%.

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