Auction clearance rate remains high across all capital cities: CoreLogic
The auction clearance rate remains high across the combined capital cities in the final weekend of October, recording above 70% for the 14th consecutive week, according to CoreLogic’s latest weekly report.
There were 2,246 auctions held across the capital cities, with a preliminary auction clearance rate of 77.6%, showing only a slight decrease over last week’s final clearance rate of 78.1% across 2,680 auctions.
This is higher than the corresponding week last year, where 61.0% of the 2,547 capital city auctions were successful.
The strong clearance rate continues to be supported by exceptionally strong auction market conditions in Sydney where the preliminary clearance rate was recorded at 84.4% across almost 1,100 auctions, while the preliminary clearance rate in Melbourne (78.6%), Canberra (71.1%) and Adelaide (75%) also tracked above 70%.
