Strongest quarterly auction clearance rate since the downturn: CoreLogic

PHOTO: Property Auction

Over the three months to September 2019, the clearance rate across the combined capital cities came in at near 70 per cent, the strongest quarterly clearance rate seen since the June 2017 quarter, according to the latest report from CoreLogic.

There were 16,730 auctions over the quarter, nearly 4,000 less properties going under the hammer compared to the September quarter 2018. The clearance rates over that quarter was down at 53 per cent.

There was a higher volume of homes in the June 2019 quarter (18,104), however the clearance rate was down at 55 per cent.

The clearance rates over the last seven weeks of the September 2019 quarter have been holding at or above 70 per cent.

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