By Kaytlin Ezzy, Economist, CoreLogic Auction activity across the capitals trended higher for the second consecutive week, with 2,056 homes auctioned. Up 6.6% from the 1,929 auctioned the previous week, the week marked the combined capital’s busiest auction week since before Easter and the fifth busiest week of the year-to-date. The increase in auction numbers was met with an increase in buyer activity, with six … Continue reading Combined capitals record highest preliminary clearance rate in six weeks as more than 2,000 homes auctioned

By Kaytlin Ezzy, Economist, CoreLogic Australia The combined capitals are set to host the busiest auction week since early April (2,687) and the fifth busiest auction week of the year-to-date, with 2,133 homes currently scheduled for auction. With six of the seven capitals expecting a week-on-week rise in auction numbers, this week’s activity is set to be 10.6% higher than the 1,929 held across the … Continue reading Unseasonal boost in auction volumes as vendors sprint in before spring

By Kaytlin Ezzy, Economist, CoreLogic After dipping -11.5% last week, auction activity across the combined capitals returned to the upwards trend seen over the preceding three weeks, with 1,911 capital city homes taken to auction. The previous week saw 1,746 homes go under the hammer, while this time last year, weaker selling conditions saw -15.7% fewer homes auctioned (1,611). The combined capital’s preliminary clearance rate … Continue reading Capital city auction activity and preliminary clearance rates inch higher ahead of the spring selling season

By Duane Kaak, Research Analyst, CoreLogic Australia CoreLogic is expecting auction volumes to rise by 12.7% on last week’s activity, with 1,967 homes currently scheduled for auction across the combined capital cities. The volume of auctions has been rising through the second half of winter, with activity this week up 27.8% from one month ago (1,539), and 22.1% higher than this time last year (1,611). … Continue reading CoreLogic is expecting auction volumes to rise by 12.7% on last week’s activity

By Duane Kaak, Research Analyst, CoreLogic Australia The number of scheduled auctions across the combined capital cities is set to reduce -7.7% this week, with 1,821 homes scheduled for auction. Despite the decline, this week’s expected auction numbers are still 7.1% higher than the weekly average over the year to date (1,700). This week’s activity is 23.8% higher than the same week last year when … Continue reading Auction activity is set to reduce but remains above average

By Duane Kaak, Research Analyst, CoreLogic The combined capitals saw 1,961 homes taken to auction this week, returning a preliminary auction clearance rate of 70.2%, from the 1,481 results collected. Despite a 13.1% week-on-week increase in the number of dwellings taken to auction the preliminary clearance rate reduced by only 50 basis points compared to last week’s result of 70.7%. Although auction activity has been … Continue reading Combined clearance rate holds above 70% despite increased activity across the capitals

By Duane Kaak, Research Analyst, CoreLogic Australia The number of scheduled auctions across the combined capital cities for the last week of July again defies seasonal trends, with a 17.3% lift in auctions compared to the week prior. The 2,028 homes scheduled to go under the hammer is the first time we’ve seen more than 2,000 auctions since the week prior to Easter. It’s also … Continue reading Highest auction volumes since Easter

By Duane Kaak, Research Analyst, CoreLogic Australia The number of scheduled auctions across the combined capital cities is expected to record a further lift this week, up 16.7% week-on-week and bucking the seasonal trend. CoreLogic is currently tracking 1,796 auctions, a positive increase from last week’s results, which saw 1,539 capital city auctions held. Over the corresponding week last year, 1,812 auctions were held and … Continue reading Unseasonal uptick in auction volumes continues

By Duane Kaak, Research Analyst, CoreLogic Australia Auction activity remains steady this week with 1,426 homes across the combined capitals scheduled for auction, down just two auctions from last week. Last year over the same period, a 3.7% week-on-week increase was recorded, as school holiday activities concluded. This week’s activity is -15.6% less than the 1,689 auctions held the same week last year. Melbourne is narrowly … Continue reading Winter auction market holds steady

By Duane Kaak, Research Analyst, CoreLogic Auction activity reduced this week, with 1,530 auctions held across the combined capitals. The previous week saw 1,791 homes auctioned, while this time last year, 1,881 capital city auctions were held. The combined capitals recorded the lowest preliminary clearance rate since the week ending 30 April 2023 (69.2%), with 70.3% of the 1,138 results collected so far reporting a … Continue reading Combined capitals preliminary clearance rate the lowest in nine weeks, but holds slightly above 70%