Combined capital cities record 80% auction clearance rate in March quarter

CoreLogic’s Quarterly Auction Market Review released today revealed Australia’s combined capital cities clearance rate reached 80.0% over the first quarter of 2021, up from 69.4% in the December 2020 quarter and 62.5% in the March quarter of 2020.

Looking at auction volumes, there were 19,004 homes taken to auction across the combined capital cities over the three months to March 2021, compared to 20,489 over the December quarter, and 18,902 this time last year. 

CoreLogic’s weekly…