According to CoreLogic RP Data, the number of capital city auctions held this week was 1,053, falling significantly given most states and territories have a public holiday today. Preliminary results show that 67.2 per cent of auctions were successful this week, compared to 68.2 per cent last week across 2,008 auctions and 75.9 per cent one year ago, across 2,076 auctions. Since the end of March this year, the combined capital city auction clearance rate has been trending around the high 60 per cent mark, demonstrating an improvement when compared to the end of 2015, however consistently tracking lower compared to the same time last year when across the combined capitals, clearance rates were in the mid to high 70 per cent range.
