- Most auctions since week prior to Easter 2018
- 9 in 10 auctions sell in Sydney
- 50% of national auctions conducted in Melbourne
There were 3,791 homes taken to auction across the combined capital cities this week, the busiest auction week since the week ending 25th March 2018. The higher volumes saw the preliminary clearance rate strengthen, with 84.4 per cent of auctions recording a successful result.
There were 1,899 auctions held in Melbourne over the week, and of the 1,663 results reported so far, 83.8 per cent have been successful.
Sydney was host to 1,392 auctions this week with a preliminary clearance rate of 89.1 per cent from the 1,210 reported.
Across the smaller auction markets, Canberra recorded the highest preliminary clearance rate at 86.3 per cent, followed by Adelaide at 73.9 per cent.
Auction volumes are set to fall next week due to the Easter long weekend, with CoreLogic currently tracking around 880 auctions across the combined capital cities.
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