Preliminary clearance rate lower as volumes remain steady
The lower clearance rate this week was across a similar number of auctions week-on-week, with 1,100 capital city homes taken to auction, slightly lower than the 1,124 homes auctioned the week prior.
The Sydney apartment market recorded a stronger clearance rate (70.7 per cent) than the house market (64.2 per cent), according to CoreLogic's preliminary data for last week.