The nation’s auction market softened over the weekend on the back of a big fall in Melbourne’s clearance rate.
CoreLogic recorded a preliminary national clearance rate of 72.3%, down from the prior weekend’s 76.4%.
Sydney’s preliminary clearance rate strengthened to 82.9% versus 80.4% the prior weekend, whereas Melbourne’s tanked to 63.0% from 73.5% the prior weekend. This was off higher national volumes – 1,918 versus 1,672 the prior weekend.
