The preliminary clearance rate across the combined capital cities was 75.7% this week for a reported 1,494 auctions.
Weekly clearance rate, combined capital cities
According to research house CoreLogic RP Data, “…clearance rates are still tracking higher than they were one year ago, when the final auction clearance rate over the week was 68.9% across 1,473 auctions”.
Capital city auction statistics (preliminary)
Market heavyweight Sydney appears to be losing a little steam, with this week’s preliminary clearance rate coming in at 78.8%. That’s the fourth week in a row where Sydney’s clearance rate has been under the 80% mark.