- Biggest auction week in almost a year
- Auction success holds up in bigger numbers
- Next week – biggest week in 3 years
There were 2,731 homes taken to auction across the combined capital cities this week, the busiest auction week since the first week of April last year. Despite the higher volumes, the preliminary clearance rate held relatively firm, with 82.0 per cent of auctions recording a successful result.
Auction volumes are set to increase substantially next week, with CoreLogic currently tracking over 3,800 auctions across the combined capital cities. This will make it the busiest week for auctions since the week ending 25th March 2018 when 3,990 homes were scheduled for auction.
Watch the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – with Eliza Owen exclusively on Realty Media’s Real Estate Talk. See all our shows at Realty.com.au