Corelogic: Quiet quarter for auction volumes and softer clearance rates

CoreLogic’s Quarterly Auction Market Review shows 23,087 properties across the combined capitals went under the hammer in the September quarter, the lowest figure since the March quarter in 2021. Numbers were down on the three months to June when 31,439 auctions were held, which followed the busiest March quarter on record when 23,748 homes went under the hammer. CoreLogic Research Director Tim Lawless said lower auction volumes … Continue reading Corelogic: Quiet quarter for auction volumes and softer clearance rates

CoreLogic: Combined capital city auction volumes surge to more than 2,000

Auction volumes are set to increase across the combined capital cities this week, exceeding 2,000 for the third time since late June. There are currently 2,211 capital city homes scheduled for auction this week, up from 1,741 last week. Although auction numbers are up 27.0% week-on-week, they remain -26.8% lower than the same period last year (3,019). Melbourne is set to see the busiest auction week since the … Continue reading CoreLogic: Combined capital city auction volumes surge to more than 2,000

CoreLogic: Auction volumes hold steady yet almost 40% below last year’s numbers

Scheduled auction activity across the combined capitals is expected to hold steady with 1,810 homes set to go to auction this week. While in line with the 1,815 auctions held last week, this week’s volume is significantly below this time last year (-38.4%) when strong selling conditions saw 2,940 homes go under the hammer. An early view of scheduled auctions over the coming fortnight suggests … Continue reading CoreLogic: Auction volumes hold steady yet almost 40% below last year’s numbers

CoreLogic Auction Market Preview: Auction activity on the rise following grand finals and public holidays

Auction activity is on the rise with 1,872 homes scheduled for auction across the combined capital cities this week, up 15.7% from last week when the Labour Day long weekend in ACT, NSW and SA, and the Queen’s Birthday long weekend in Qld saw fewer homes taken to auction (1,618). While volumes are up week-on-week, the week’s auction volumes are -30.9% down compared to this … Continue reading CoreLogic Auction Market Preview: Auction activity on the rise following grand finals and public holidays

CoreLogic Auction Market Preview: second consecutive week of 60% clearance rates

There are 1,660 auctions across the combined capitals scheduled to go under the hammer this week with grand finals and public holidays continuing to disrupt volumes. This week’s capital city auction volumes are -16.4% lower than this time last year (1,986) and -24.6% below the 2,203 auctions held two weeks prior (week ending 18th September). This week’s lower auction activity is likely due to the … Continue reading CoreLogic Auction Market Preview: second consecutive week of 60% clearance rates

auction update

Second biggest auction week ahead

Upcoming auctions By Kaytlin Ezzy, Research Analyst Predicted auction volumes remain strong this week with expected capital city volumes in excess of 3,000 for the fourth consecutive week. With 3,643 capital city homes scheduled to go under the hammer, this week is set to be the second busiest of the year and the busiest since late March. > This week, 1,588 auctions are scheduled across Melbourne, up … Continue reading Second biggest auction week ahead

Auction volumes and clearance rates dip

Auction volumes and clearance rates dip as uncertainty amid COVID cases rise Jade Harling This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior.  The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip, with 73.6% … Continue reading Auction volumes and clearance rates dip

“Unprecedented activity” – Tim Lawless

The auction market is heading into a period of almost unprecedented activity according to Tim Lawless – Head of research at Core Logic.  Over the coming week, CoreLogic Australia is tracking around 2,740 auctions across the combined capitals, and the following week auction numbers rocket to around 3,860. Since the CoreLogic Australia auction series commenced in 2008, there have only been two weeks where the number of auctions held … Continue reading “Unprecedented activity” – Tim Lawless

Auction capitals go strong this week

Melbourne real estate agents and buyers are gearing up for a busy weekend with no less than 1,313 properties set to go under the hammer. In fact, auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,495 auctions, up from last week’s 2,128 auctions held, although lower than the 3,026 auctions one year ago. In Melbourne, there … Continue reading Auction capitals go strong this week

Final figures reveal a ‘strengthened result’

CoreLogic reports that last week, the combined capital city weighted average auction clearance rate strengthened across higher volumes. There were 2,128 capital city homes taken to auction last week, returning a final auction clearance rate of 79.6%, improving on the week prior when a 77.1% final clearance rate was achieved across lower volumes (1,496).  One year ago, a higher 2,517 homes were taken to auction … Continue reading Final figures reveal a ‘strengthened result’