According to CoreLogic, the first weekend of spring sees preliminary capital city clearance rate reach a new year to date high of 78.4 per cent.
The number of homes taken to auction this week fell slightly to 1,858, compared to the 2,153 auctions held last week and 2,297 one year ago. The preliminary clearance rate was higher than the previous week’s result of 74.5 per cent and up from last year, when the clearance rate was recorded at 73.2 per cent.
Preliminary results this week are the highest recorded this year. The results show that Melbourne and Sydney recorded the highest clearance rates of (79.3 per cent) and (83.9 per cent) respectively, however both cities were host to fewer auctions this week when compared to last week.
This is consistent with the APM data we reported on Saturday.
