National auction clearance rate below 70%: CoreLogic RP Data
The preliminary clearance rate across the combined capital cities is below 70% for the 5th week in a row, according to CoreLogic RP Data.
According to CoreLogic RP Data's Market Summary for the week ending 18 October 2015, some 2,817 auctions were held, down from last week's 3,016 properties.
The clearance rate was 68.6% this time last year, with smaller auction volumes.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.
