Auction clearance rate rebounds, activity still down
Auction clearance rates strengthened on the first weekend of relaxed social distancing restrictions, but overall activity is still being affected by the COVID-19 outbreak.
Sydney auctions had an average clearance rate of 73 per cent at the weekend. (Image source: Shutterstock.com)
Auction clearance rates strengthened on the first weekend of relaxed social distancing restrictions, but overall activity is still being affected by the COVID-19 outbreak.
Preliminary data from CoreLogic showed 73 per cent of the weekend’s auctions in Sydney produced a sale, while 60.2 per cent of auctions in Melbourne were successful, with the nation’s two biggest markets surpassing the results recorded at the same time last year.
Total number…
