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Busiest week for auctions for the year

By Paul Nees
CoreLogic has reported 2,610 homes taken to auction across the combined capital cities this week.
This represents a 33.5 per cent increase on last week to record the busiest week for auctions since early December 2018.
The higher activity returned a preliminary auction clearance rate of 75.3 per cent, which was only slightly lower than last week’s preliminary figure of 75.6 per cent which later revised down to 72.1 per cent at final figures.
At a glance:
2,610 homes taken to auction across the combined capital cities with volumes up 33.5 per cent on last week to record the busiest week for auctions since early December 2018.
Sydney recorded a preliminary clearance rate of 79.7 per cent across 761 auctions this week, after last week’s final clearance rate of 79.2 per cent; the strongest final result the city has seen since early 2017. One year ago, 798 auctions were held across Sydney returning a final clearance rate of 45.3 per cent.
Compared to one year ago, volumes are lower than the 2,928 auctions held over the same week last year when a much lower 47 per cent cleared.
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