Auction Update

Auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 66.4 per cent. Melbourne was host to 725 auctions this week with preliminary results returning a 67.9 per cent clearance rate, about 5% up...

Brave sellers rewarded last week Uncertainty reflected in auction numbers Low numbers will increase competition   Last week The combined capital cities returned a 57.7 per cent final auction clearance rate last week, which was the strongest final result seen in over 12 months.  The improved clearance...

There were 2,041 homes taken to auction across the combined capital cities this week after the previous week saw volumes drop to 930, likely due to the federal election. This time last year, volumes were higher with 2,297 auctions held.   Preliminary results show a clearance...

8 month clearance rate record Almost 2,000 auctions this week Market confidence returns   Last week Last week, the combined capital city final auction clearance rate surpassed the previous week as the highest final weighted average result since September 2018, with 55.2 per cent of homes reported...