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Auction volumes the highest since Easter
October 18, 2023 jun Strategy Session

Despite listings rising through the Spring selling season, auction clearance rates are still holding strong.


According to CoreLogic, the preliminary clearance rate hit 74.4% in Sydney last week and 70.5% in Melbourne.


Both clearance rates are well up on the same time last year.


Nationally, the preliminary clearance rate reached 72%, up from 60% at the same time last year.


Meanwhile volumes have also surged higher, with 2,550 homes auctioned over the weekend – the highest number since Easter.


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