• Nearly 3,000 auctions
  • 8 in 10 auctions clear

There were 2,920 homes taken to auction across the combined capital cities this week, the busiest auction week since late June when 2,960 capital city homes were taken to auction, and the fourth busiest auction week so far this year. Although volumes were high, they were down 5.7 percent from the 3,096 originally scheduled. 

The higher volumes returned a slightly lower preliminary clearance rate this week, with 81.8 percent of auctions recording a successful result, down from last week’s preliminary clearance rate of 83.3 percent, which revised down to 80.2 percent at final figures.

There were 1,478 auctions held in Melbourne over the week, the busiest auction week the city has seen since late March. Sydney was host to 911 auctions this week, down from the 983 originally expected.  Across the smaller auction markets, Canberra recorded the highest preliminary clearance rate at 90.7 percent, followed by Perth (86.7 percent), Adelaide (82.3 percent), and Brisbane (78.5 percent).

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 Realty Talk.  See all our shows at Realty.com.au

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