- Activity down
- Clearance falls slightly
- Winter slowdown to continue
Auction activity reduced this week, with 1,530 auctions held across the combined capitals down from last week’s 1,791.
The combined capitals recorded the lowest preliminary clearance rate since the week ending 30 April 2023 (69.2%), with 70.3% of the 1,138 results collected so far reporting a successful result.
Last week’s preliminary clearance rate was 3.5 percentage points higher at 73.8% (revised to 68.6% at final figures), while this time last year, 53.2% of auctions held were successful.
Watch a comprehensive wrap on the week’s national auction activity with Eliza Owen from CoreLogic. Auction Update is seen exclusively on Realty Talk. See all our shows at Realty.com.au