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The auction market remained strong last week, with the preliminary clearance rate for the combined capital cities coming in at 77.7%, compared to 75.4% last week and 67.9% at the same time last year.

Prior to this week, the year to date clearance rate across the combined capital cities was 76.9%, according to CoreLogic RP Data.

Weekly clearance rate, combined capital cities

20150727 - weekly clearance rate com capHowever, the two market heavyweights – Sydney and Melbourne – are displaying some signs of cooling as their clearance rates, despite being solid, continue to trend lower.

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