- Record listing numbers
- Clearance slips further
- Signs market is weakening
Demand hasn’t quite kept pace with the surge in auctions held, with the preliminary clearance rate continuing the softening trend evident since early October, slipping further this week, with 71.4% of the 3,471 results collected so far selling before at or after the auction.
Melbourne recorded its busiest week since late March and its lowest preliminary clearance rate since the middle of September.
Originally predicted to set a new record number of auctions, Sydney disappointed this week, with 5% of scheduled actions postponed.
Watch the most comprehensive and up-to-date report on auction activity around Australia with CoreLogic’s Eliza Owen, exclusively on Realty Talk. See all our shows at Realty.com.au