CoreLogic says after recording the strongest year to date result last week, the capital city preliminary clearance rate this week has risen further, from 72.0 per cent to 74.9 per cent, based on preliminary results. The number of auctions held across the capitals this week was lower, with 1,517 held, compared to 1,610 over the previous week. Compared to the same week one year ago, auction activity currently is far more subdued, with almost 1,000 less capital city auctions. There were 2,512 auctions held over the corresponding week last year, with 76.9 per cent reported as successful. Of note this week, each of Melbourne, Sydney and Brisbane saw a rise in auction clearance rates, while across the remaining cities; week-on-week results show a fall in clearance rate.
