By Duane Kaak, Research Analyst, CoreLogic Auction activity decreased -3.0% this week, with 1,673 auctions held across the combined capitals. The previous week saw 1,724 homes auctioned, while this time last year, 2,879 capital city auctions were held. The combined capitals recorded a second week where the preliminary clearance rate held well above 70%, with 74.4% of the 1,349 results collected so far reporting a … Continue reading Combined capitals preliminary clearance rate holds well above 70% for second consecutive week

Capital city auction activity is set to rise 1.6% this week, with 1,751 homes expected to go under the hammer across the combined capitals. The previous week saw 1,724 homes auctioned, while this week last year, 2,879 homes went under the hammer across the combined capitals. Melbourne is the busiest capital auction market this week, with 728 homes scheduled for auction across the city. This week’s … Continue reading Auction market defies seasonal slowdown

By Duane Kaak, Research Analyst, CoreLogic Auction activity remained relatively steady this week, with 1,750 auctions held across the combined capitals. The previous week saw 1,739 homes auctioned, while this time last year, 2,059 capital city auctions were held. Despite an unexpected cash rate rise from the RBA in May, the combined capitals recorded the highest preliminary clearance rate since mid-February 2022 (75.7%), with 75.1% … Continue reading Combined capitals record the highest preliminary clearance rate in more than a year (75.1%)

By Duane Kaak, Data Acquisition and Research, CoreLogic Australia Capital city auction activity is set to rise this week, with 1,817 homes scheduled to go under the hammer, up 4.5% from the 1,739 auctions held last week. This week last year, 2,059 homes were auctioned across the combined capitals. Melbourne is the busiest auction market this week, with 753 homes scheduled for auction. This week’s expected … Continue reading Auction market resilience to be tested in wake of May rate hike

By Duane Kaak, Data Acquisition and Research, CoreLogic Australia Auction activity is set to rebound this week after the last week’s ‘unofficial long weekend’ saw volumes decrease. Across the combined capitals, 1,793 homes are set to go under the hammer this week, up 24.5% from the 1,440 auctions held last week. This week last year, just prior to the RBA’s first cash rate rise (3 … Continue reading Auction activity set to rebound

By Duane Kaak, Data Acquisition & Research, CoreLogic Auction activity across the combined capital cities more than doubled this week to 1,704 after the Easter holiday long weekend (652). Of the 1,333 results collected so far, 69.8% were successful, up two percentage points from last week’s preliminary clearance rate of 67.8%, which revised down to 61.5% at final figures. In the four weeks prior to … Continue reading Preliminary auction clearance rate just short of 70%

By Caitlin Fono, Research Analyst, CoreLogic After recording the busiest auction week of the year to date last week, auction activity cooled over the Easter long weekend. There were 660 homes taken to auction across the combined capital cities, down from 2,687 over the previous week and 4,035 this time last year. Of the 489 results collected so far, 67.8% were successful, down -2.9 percentage … Continue reading Just 660 capital city homes were taken to auction over Easter

By Caitlin Fono, Research Analyst, CoreLogic With public holidays in four of the eight states and territories, auction volumes dropped substantially week-on-week. There were 1,282 homes taken to auction across the combined capital cities this week, down -37.6% from the 2,054 auctions held both last weeks and this time last year. Of the 1,091 results collected so far, 65.0% were successful, the lowest preliminary clearance … Continue reading Preliminary clearance rate and auction volumes dip amid a long weekend across half the capital cities

By Caitlin Fono, Research Analyst, CoreLogic There were 2,050 homes taken to auction across the combined capital cities this week, down -15.6% from last week (2,429), and -31.2% lower than this time last year (2,979). Of the 1,634 results collected so far, 70.3% were successful, up 60 basis points from last week’s preliminary clearance rate of 69.7%, which was revised down to 66.8% in final … Continue reading Melbourne and Sydney record preliminary clearance rates above 70%

By Caitlin Fono, Research Analyst, CoreLogic There are currently 2,136 capital city homes scheduled for auction this week, down -12.1% from last week (2,429) and -28.3% lower than this time last year (2,979). While auction activity is set to hold above 2,000 for the second week in a row, all capital cities are set to see fewer homes taken to auction this week compared to … Continue reading CoreLogic | East Coast Floods: One year on + Auction Market Preview