CoreLogic has released preliminary auction results for the weekend, with the combined capital cities recording their highest preliminary clearance rate (74.0%) in six weeks on the highest volume of auctions (2,056) since before Easter.
Sydney narrowly beat out Melbourne as the nation’s busiest auction market, with 839 auctions held this weekend.
It was Sydney’s busiest week since early April with the city recording its highest preliminary clearance rate since late June (78.7%), and 77.5% of auctions recording a positive result.
Melbourne was the nation’s only market to record a drop in week-on-week auction activity, with 838 homes going under the hammer, down from 877 the previous week.
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