07 Dec

• Clearance rates likely to hold over 70%
  
• Numbers lower in Syd and Melb
  
• Confidence evident in Perth

This week, 2,065 auctions were held across the combined capital cities, down from 2,168 over the previous week. 

Of the 1,704 results collected so far, 75.1 per cent have reported a successful result, increasing on last week’s preliminary clearance rate of 73.9 per cent, which revised down to 70.6 per cent at final figures. 

One year ago, 2,912 homes were taken to auction and 71.1 per cent of reported results were successful. For the previous 5 weeks, the final clearance rate across the combined capital cities has averaged 70.1 per cent, and it’s likely that this week will be at a similar level once remaining results are collected.

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