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Auction Clearance Rates Remain High
July 24, 2023 jun Strategy Session


Despite higher interest rates, homebuyers remain active in the market, with the last data from CoreLogic recording strong preliminary auction results.


CoreLogic said that 73.8% of homes taken to auction nationally returned a successful result, marking the eighth consecutive week with a preliminary clearance rate of 70% or more.


Sydney recorded a preliminary clearance rate of 78.7%, up 4.2% from the prior week’s result (74.5%).


However, Melbourne recorded its lowest preliminary clearance rate in 11 weeks, down 2.8% from last week’s preliminary rate of 72.9%, which was revised to 69.5% at final numbers.




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