The nation’s auction clearance rate rebounded further over the weekend, recording a preliminary national clearance rate of 72.3%, up from the prior weekend’s 63.7%.
Sydney’s preliminary clearance rate remained rock solid at 83.8% versus 84.0% the prior weekend, whereas Melbourne’s rebounded to 54.4% from 44.5% the prior weekend, but remained weak:
There are 815 words left in this subscriber-only article.
Start your free 14-day trial today!
According to CoreLogic regarding Melbourne:
The 54.4 per cent preliminary auction clearance rate recorded this week is the highest preliminary clearance rate Melbourne has seen since mid-august, and can be attributed to a lower withdrawal rate.
Across the smaller capitals, where auctions are far less common, auction clearances were mixed.
The nation’s clearance rate has still fallen significantly from March’s peak:
Domain’s auction results were stronger, albeit off a much smaller sample size:
Sydney’s property market continues to shrug off lockdowns, whereas Melbourne continues to struggle.