Australian Auction Clearance Rates Hit Record Low!

https://dsfmortgagebrokers.com.au Coming up, my Friday finance update for the 21st of December 2018: The headline is, the Core Logic auction clearance rate hits a record low. So let’s start with Core Logic’s final Australian auction results for the week ending the 16th of December 2018. Overall, the national auction clearance rate was 40%, which is the lowest national rate Core Logic has ever recorded. Melbourne’s clearance rate was 44.2% which was a marginal improvement on last weeks result. Sydney had a clearance rate of 38.8% which is the lowest clearance rate since July 2008. There were 2,406 auctions across Australia last week compared with 2,890 auctions for the same time last year, so clearly more buyers are opting for the private sale option rather than risking an auction i

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