27 Mar

• Pre-Easter rush
• Biggest clearance in a year

There were 2,292 homes taken to auction across the combined capital cities, overtaking last week (2,226) as the second busiest auction week so far this year.

Of the 1,795 results collected so far, 71.0% were successful, the highest preliminary clearance rate recorded since mid-April 2022.  Melbourne had its second busiest auction week of the year with 1,122 homes taken to auction.  Like Melbourne, Sydney had its second busiest auction week of the year, with 791 homes taken to auction across the city.

Across the smaller capitals, Brisbane held the most auctions (135), followed by Adelaide (131) and Canberra (91). All the smaller capital cities saw an improvement on the preliminary clearance rate week-on-week with Adelaide recording the highest clearance rate so far (78.6%). Canberra’s preliminary

We are expecting to see over 2,750 homes taken to auction across the combined capital cities next week in the lead up to Easter, followed by the usual temporary drop in auction volumes over the Easter long weekend. If all these auctions go ahead, it will be the busiest week for auctions since late-May last year.

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