National auction levels still down year to year: CoreLogic
The number of auctions for the week ending 6 November is down from the highs of a year ago, although risen in the final month of spring according to CoreLogic.
The preliminary clearance rate is 77.5 percent across 2,490 reported auction results, higher than last week’s final clearance rate of 74.4 percent.
CoreLogic said over the corresponding week last year, auctions volumes were significantly higher with 2,947 auctions reported and a 61.4 percent clearance rate.
"The high rate of clearance is evident in the distinct markets, where Melbourne reported an 80.5 percent clearance rate, up from the previous weeks 77.5 percent, also Sydney (82.1 percent) and Canberra (79.5 percent) producing high clearance rates week-on-week reporting above 80 and 70 percent respectively, four weeks in a row."
