This week’s CoreLogic Property Market update

Auction markets soften over the past week, recording a preliminary clearance rate of 65.9 per cent.

There were 2,980 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 65.9 per cent, while last week, 3,313 auctions were held and the final clearance rate came in at 66.8 per cent.

Over the same week last year, auction volumes were slightly lower with 2,907 homes going under the hammer across the combined capital cities, although the clearance rate was a stronger 74.6 per cent.

Source: CoreLogic