CoreLogic says it has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent.
There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 per cent since the last week in July. Last week, the final auction clearance rate was recorded at 76.4 per cent with 2,290 residential properties taken to auction. At the same time last year, auction volumes were higher, with 2,858 capital city auctions held, 67.4 per cent were successful. Sydney’s clearance rate continues to be nation leading, however the number of auctions held is still lower that at the same time last year.
