CoreLogic confirms what we saw already, that there was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend.
853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 per cent, compared to the same time last year when there were 865 auctions were held, with a clearance rate of 68.2 per cent. In comparison, over the week before last a total of 2,480 auctions were held with a clearance rate of 75.4 per cent.
