Source: CoreLogic RP Data
Over the week ending December 6 2015, CoreLogic RP Data captured 2,961 auction results, accounting for more than 91% of all auctions held across the capital cities.
The final auction clearance rate over the past week was recorded at 57.3%, which is its lowest auction clearance rate since February 2013.Melbourne's clearance rate was 63.3% across 1,522 results, its lowest clearance rate since February of this year.
Sydney's clearance rate was recorded at 52.9% last week across 944 auction results.Sydney auction clearance rates have fallen for 8 successive weeks and are now at their lowest level since December 2012.
After Sydney's auction clearance had outperformed Melbourne's for most of the past 3 years, Sydney has had a lower clearance rate than Melbourne for 13 consecutive weeks.
This means that you get the 'real' valuation of your real estate with no hidden agendas.