- 66.1% sell nationally
- Volumes rise
- All smaller markets improve on last year
This week, as auction volumes increased across the combined capital cities, so too did the clearance rate.
There were 1,262 homes scheduled for auction this week returning a preliminary auction clearance rate of 66.1%. Both Melbourne and Sydney’s preliminary clearance rate came in above the mid 60% mark this week.
There were 564 Melbourne homes scheduled for auction this week, increasing on the 471 auctions last week. The city returned a preliminary success rate of 65.8%.
Sydney’s preliminary figures show that 68.5% of homes sold at auction this week, up on the 67.3% preliminary figure last week. This week’s improved Sydney clearance rate was across a slightly lower volume of auctions.
Across the smaller auction markets performance was mixed. Canberra continued to have the highest clearance rate of the capital city markets, which is a trend seen over the previous 4 weeks.
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday. Watch Kevin Brogan’s reports exclusively on Real Estate Talk’s Auction Update and a look inside some of the nation’s most recently sold auction properties.