- Melbourne auctions up by 56%
- Smaller capitals slow marginally
- Nationally numbers and clearance is up
Last week, the weighted average clearance rate improved across higher volumes week-on-week, with 67.7% of the 1,167 capital city homes taken to auction returning a successful result. Over the week prior, a much lower 625 homes were auctioned across the combined cities when 61% cleared. One year ago, volumes and clearance rates were lower with 928 auctions held and just over half selling (51.1%).
This week and weekend
The capital city auction market is expected to see a rise in activity this week, with a total of 1,448 homes scheduled to go under the hammer. This week’s scheduled volumes are 25% higher than last week’s final figures which saw 1,167 capital city homes auctioned.
Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.