Volumes and clearance up in Canberra

04 Nov Volumes and clearance up in Canberra

• Strong result from Adelaide
• Sydney clears 8 in 10
• All capitals well up on last year

This week, there were 41.5% fewer homes taken to auction across the combined capital cities (1,535 ) with activity significantly lower across Melbourne as the city is brought to a halt amidst the Spring Racing Carnival.

The lower week-on-week activity returned a preliminary auction clearance rate of 73.6%.

There were 254 Melbourne homes taken to auction this week.  The lower volumes saw the preliminary clearance rate fall, with 73.3% of homes selling after last week’s final auction clearance rate of 75.1%.

A preliminary auction clearance rate of 79.4% was recorded across Sydney this week, improving on last week’s final clearance rate of 74.3% per cent. There were 832 auctions held across the city this week.

Across the smaller auction markets, Canberra was the best performing in terms of clearance rates with 74.6% of auctions successful as volumes doubled across the city.  Adelaide followed with 64.9% of auctions returning a successful result.

Get a full rundown of results in all the capitals.  Also a look inside the top sales in Sydney, Melbourne, Adelaide, Brisbane, Canberra and Perth.   Kevin Brogan joins Kevin Turner to present the latest results from Core Logic.