Sydney clearance rate dropped into the 40s last weekend

Sydney clearance rate dropped into the 40s last weekend
Sydney clearance rate dropped into the 40s last weekend

The latest release from CoreLogic suggests Sydney's auction clearance rate dropped in to the 40 percent bracket last weekend.

Preliminary statistics suggested they achieved a 55.8 percent clearance rate.

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Sydney clearance rate dropped into the 40s last weekend

Brisbane also well below its initial results in to the 30s (below).

Adelaide's strong 72 percent clearance rate dropped two brackets in to the high 50s.

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Sydney clearance rate dropped into the 40s last weekend

It was small spaces that were the headline at last weekends auctions.

A small one bedder at Kirribilli fetched $1.875 million.

This weekend national auction volume numbers are down considerably, while Victoria has the three busiest suburbs.

Clearance rates continue to nosedive and are reaching levels they haven't dropped to since 2012.

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Sydney clearance rate dropped into the 40s last weekend

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Sydney Clearance Rate

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