Melbourne’s auction market retreats into cave

The nation’s final auction clearance rate rebounded last weekend following a big fall in auction listings in Melbourne.

CoreLogic recorded a final national clearance rate of 67.7%, up significantly from the prior weekend’s 58.0%.

Sydney’s final clearance rate remained strong at 81.2% versus 80.2% the prior weekend, whereas Melbourne’s rebounded to 43.8% from 35.9% the prior weekend.

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