PHOTO: Auction Results
CoreLogic’s latest Quarterly Auction Results report shows that, although clearance rates dropped to their lowest for 2018 in the three months leading to December, the number of properties being taken to auction actually increased significantly.
Across the December quarter of 2018, the combined capital cities saw clearance rates drop to 43.6 per cent, down from 53.6 the previous quarter. The week with the lowest clearance rate was that ending 16 December – 40 per cent across 2,406 auctions.
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