- Long weekend dip in numbers
- Close to record lows for Melbourne
- Sydney clearance on pay with last year
The combined capital city preliminary auction clearance rate came in below 70% this week as volumes fell due to the long weekend. There were 657 homes taken to auction, down from the 1,082 auctions held last week. Of the 530 results collected so far, 69.3% were successful, only slightly lower than last week’s preliminary figure of 70.5%, which by final collection on Wednesday revised down to 64.2%. Over the same week last year, a final clearance rate of 67.6% was reported across a higher 1,324 auctions.
See Eliza Owen’s full report and breakdown of results in all the capitals from CoreLogic
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday exclusively on Realty Media’s Real Estate Talk. See all our shows at Realty.com.au