CoreLogic’s preliminary report on the weekend’s auctions reported a stable clearance rate led by strong results from Sydney, despite the growing COVID outbreak.
The national preliminary clearance rate fell slightly to 77.5% from 77.8% the prior weekend. This was off significantly higher auction volumes, which rose to 2,976 from the prior weekend’s 2,418.
Sydney continued its strong run recording a preliminary clearance rate of 81.8%, down only slightly from the prior weekend’s 82.6% preliminary clearance rate.