According to CoreLogic, based on preliminary results, the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent.
This week, the clearance rate across the capitals is higher than one year ago, when 69.9 per cent of reported capital city auctions cleared. There were 2,093 capital city auctions held over the week, similar to the 2,062 last week, but lower than one year ago, when, despite lower clearance rates, the spring market was in full force, with over 2,500 auctions held across the combined capitals. This week last year represented the 7th consecutive week of capital city auction volumes being over the 2,000 mark, while over the past seven weeks, only three weeks have seen more than 2,000 auctions across the capitals.
This aligns with the APM data already posted, though there are some variations.
