Despite Sydney still being in lockdown, the nation’s auction market ran hot over the weekend.
CoreLogic record a preliminary national clearance rate of 79.2%, up significantly from the prior weekend’s 74.8%.
Sydney’s preliminary clearance rate lifted to a strong 80.8% from the prior weekend’s 74.8%, whereas Melbourne’s firmed to 77.1% from 71.9%. However, auction volumes were slightly lower – 1,806 versus 1,849 the prior weekend.
Across the smaller capitals, where auctions are far less common, auction clearances were also strong.
The nation’s clearance rate remains at historically high levels; albeit down significantly from March’s peak:
Domain’s auction results were softer; albeit off a smaller sample size:
Still a strong property market.