CoreLogic says so far this week, 1,683 capital city auction results have been reported to CoreLogic, resulting in a preliminary auction clearance rate of 76.4 per cent across the combined capital cities.
This week, 2,026 total auctions were held across the capital cities, higher than last week, when 1,899 auctions were held, but remaining lower than one year ago when 2,654 capital city properties went under the hammer. Clearance rates are still tracking above 70 per cent, which they have done since the last week in July. This week’s preliminary clearance rate is down slightly from last week’s clearance rate of 77.1 per cent, which was the highest clearance rate recorded for the year to date. At the same time last year the clearance rate was 71.2 per cent.
