- Final figures likely to trend down
- Melbourne only capital to improve
- All smaller capitals fade
Continuing the trend seen through the year to date, this week’s auction market activity is up 20.7% week on week and up 36.2% compared to this time last year. There was a total of 2,898 auctions conducted across the combined capital cities. Of the 2,420 results collected so far, 74.6% recorded a successful result.
Melbourne was the busiest auction market for the second consecutive week with 1,328 auctions held across the city. Auction activity was rife in Sydney as well with the city recording more than 1000 auctions this week for the first time this year.
In the nation’s smaller capitals, clearance rates fell across the board.
Watch the most comprehensive and up-to-date report on auction activity around Australia – powered by CoreLogic – with Eliza Owen. Exclusively on Realty Media Group’s Realty Talk. See all our shows at Realty.com.au