02 May

• Best result in nearly 2 years
• Sydney strong as well
• Smaller capitals grow numbers

Capital city auction activity rebounded this week, with 1,730 homes taken to auction across the combined capitals.  With 1,334 results collected so far, the combined capital’s preliminary clearance rate fell 60 basis points to 69.2%, with the preliminary clearance rate holding above 69% for the third week consecutive week.

Melbourne was the busiest auction market this week, with 729 homes auctioned across the city, up 15.9% compared to the 629 held the previous week. Melbourne’s preliminary clearance rate came in at 77.7%, with 610 results collected so far, its highest preliminary clearance rate since mid-October 2021.

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