Auction volumes the highest since Easter
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.