20 Feb

• Sydney breaks 12-month record

• W.O.W. 23% lift in numbers
• Another big week predicted

Capital city auction activity continued to rise this week, with 1,825 homes auctioned across the combined capitals. 

After recording a small dip last week, the combined capital’s preliminary clearance rate rebounded to 70.8% with 1,447 results collected so far –the first time the preliminary rate has risen above 70% since mid-April 2022.

Overall, clearance rates are continuing to hold substantially higher compared with late 2022, when the weighted average across the combined capitals was consistently around the low-to-mid 50% range. The number of capital city auctions is set to rise further next week, with around 2,500 homes currently scheduled to go under the hammer, providing a further test of the market’s depth.

Watch a comprehensive wrap on the week’s national auction activity with Eliza Owen from CoreLogic.   Auction Update is seen exclusively on Realty Talk.  See all our shows at Realty.com.au