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%

By Duane Kaak, Research Analyst, CoreLogic Australia Capital city auction activity is set to reduce by -11.3% week-on-week with 1,588 homes expected to go under the hammer, down from the 1,791 auctioned last week. This week’s activity includes 78 homes that are scheduled to go under the hammer on Friday, the last day of the financial year, with 27 properties being auctioned ‘in room’ on … Continue reading Capital city auction activity is set to reduce by -11.3%

By Duane Kaak, Research Analyst, CoreLogic Australia Capital city auction activity is set to reduce by -4.9% week-on-week with 1,850 homes expected to go under the hammer, down from the 1,945 auctioned last week. This decrease could be the commencement of the usual seasonal winter decline in auction activity when the number of weekly auctions would typically trend lower with many vendors waiting for spring … Continue reading Capital city auction activity is set to reduce week-on-week

By Duane Kaak, Research Analyst, CoreLogic Capital city auction activity almost doubled this week following the quieter long weekend last week. It is the highest number of auctions in 11 weeks, with 1,951 homes scheduled. This activity is -22.8% below the 2,528 auctions held in the same week of 2022. Of the 1,483 results collected so far, 72.5% returned a successful result, 10 basis points … Continue reading Sydney and Melbourne record lowest preliminary auction clearance rates since April 2023

By Kaytlin Ezzy, Economist, CoreLogic It was the quietest auction week for the combined capitals since Easter, with six of the eight states and territories celebrating the Kings Birthday long weekend. There were 1,040 capital city homes auctioned, down -42.7% from the 1,815 held last week and -24.6% below the 1,379 held this week last year. Of the 825 results collected so far, 72.4% returned … Continue reading Preliminary auction clearance rates hold above 70% in the face of higher interest rates and lower volume

By Duane Kaak, Research Analyst, CoreLogic Australia Capital City auction activity is set to take a long weekend break this week, with 1,088 homes expected to go under the hammer across the combined capitals. This week’s subdued auction numbers represent a -40.1% week-on-week decline compared to the 1,815 homes auctioned last week. This time last year (1,377), the Queen’s Birthday long weekend drop-off was more … Continue reading Auction activity takes a long weekend break

By Duane Kaak, Research Analyst, CoreLogic The start of winter saw capital city auction activity fall -2.9% this week, with 1,832 homes auctioned across the combined capitals. The previous week saw 1,887 homes go under the hammer, while this time last year, 2,644 auctions were held. The combined capital’s preliminary clearance rate trended higher for the third consecutive week, overtaking the week prior as the … Continue reading Combined capitals preliminary clearance rate hits highest level since October 2021

By Duane Kaak, Research Analyst, CoreLogic Australia Capital city auction activity is set to remain steady this week, with 1,875 homes expected to go under the hammer across the combined capitals. This represents just eight less auctions than last week (1,887), while in the same week last year, 2,644 homes went under the hammer across the combined capitals. Sydney is the busiest market this week, with … Continue reading Auction activity holds steady for the first weekend of winter

By Duane Kaak, Research Analyst, CoreLogic In defiance of the easing trend usually seen this time of year, auction numbers held firm this week, with 1,912 homes taken to auction across the combined capitals. While this week’s auction numbers were in line with the 1,921 held last week, auction activity was significantly higher this time last year (3,226) when the market downturn was just starting … Continue reading Combined capitals auction clearance rate of 75.1% the highest level since November 2021

By Duane Kaak, Research Analyst, CoreLogic Auction activity increased 13.0% this week, with 1,912 auctions held across the combined capitals. The previous week saw 1,692 homes auctioned, while this time last year, 1,672 capital city auctions were held. The combined capitals recorded a third week where the preliminary clearance rate held above 70%, with 75.3% of the 1,496 results collected so far reporting a successful … Continue reading Combined capitals record the highest preliminary clearance rate (75.3%) since February 2022