The preliminary capital city auction clearance rate among the combined capitals held below 65% as auction volumes remain steady week on week, according to CoreLogic.
There were 1,890 homes taken to auction across the combined capitals in the week ending on April 15, with preliminary results showing a 64.5% success rate. In comparison, 1,839 auctions were held in the prior week and the final clearance rate came in at 62.8%.
Over the same week last year, auction volumes were significantly lower due to the Easter weekend, with just 493 homes going under the hammer across the combined capitals, although the clearance rate was a more robust 73.9%.
Preliminary clearance rates were led by Canberra (74.3%), with 78 auctions. This was followed by Adelaide (70.6%) with 65 auctions, Sydney (64.9%) with 774 auctions, and Melbourne (64.3%) with 874 auctions.
Auction Insider 16th April 2018: Holidays drag markets down
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