Australia: Week and Core

australia: Figures released by data provider Core Logic show an average 70.4 per cent of the 1,107 auctions held across Australia during the week ended Sunday August 11 had cleared, well up on 66.4 per cent of 1,107 auctions held the week before, according to Nine News Australia. Core Logic auction market commentator Kevin Brogan confirmed the latest improvement was mostly attributed to the country's two largest cities by population, where clearances rates of more than 70 per cent have been recorded in recent weeks. To improve your experience update it here News National'Higher value houses leading property recovery'By AAP11 59am Aug 11, city home auction clearance rates continue to climb nationally, with strong results in Sydney and Melbourne leading a property market recovery. Sydney had a clearance rate of 81.2 per cent We've got a really strong result out of Sydney this week, above 80 per cent - that a kick up, Mr Brogan told AAP on Sunday. The overall result was up from the previous week, when 386 auctions yielded a clearance rate of 72 per cent. There were 365 auctions in Sydney, with a clearance rate of 81.2 per cent, led by strong sales in the apartment market although houses were far behind. (news.financializer.com). As reported in the news.