Auction clearance rates make slow recovery

Auction clearance rates have improved slightly last week from the week before but they remain much weaker than they have been through most of 2010, according to research analyst RP Data.

Nationwide, the weighted average clearance rate was recorded at 64.6 per cent last week.

While Sydney’s clearance rate improved to 65.5 per cent, Melbourne saw a drop to 73.5 per cent, one of its lowest results this year.

Brisbane and Tasmania both rated 26.7 per cent, while Perth and Adelaide rated 33.3 per cent and 51.3 per cent respectively.

Auction clearance rates have improved slightly last week from the week before but they remain much weaker than they have been through most of 2010, according to research analyst RP Data.

Nationwide, the weighted average clearance rate was recorded at 64.6 per cent last week.

While Sydney’s clearance rate improved to 65.5 per cent, Melbourne saw a drop to 73.5 per cent, one of its lowest results this year.

Brisbane and Tasmania both rated 26.7 per cent, while Perth and Adelaide rated 33.3 per cent and 51.3 per cent respectively.

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