30 Nov

Posted at 16:00h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by
  • Melbourne has top auction numbers
  • Sydney outsells Melbourne
  • Canberra score top clearance

There were 2,155 homes scheduled for auction across the combined capital cities this week, up from 1,803 over the previous week. Of the 1,763 results collected so far, 73.9% have reported a successful result.

Melbourne was host to 894 auctions this week, overtaking Sydney as the busiest capital city for auctions.  Of the 756 results collected so far in Melbourne, 71.7% were successful.

In Sydney, 887 homes were taken to auction this week.  The preliminary clearance rate came in at 76.9%.

Across the smaller cities, Canberra recorded the highest preliminary clearance rate at 78.4%, followed by Adelaide at 75.0%, and Brisbane at 63.5%.

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

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