There were 1,977 homes taken to auction across the combined capital cities this week as a number of vendors reschedule to a later date. There were 1,067 auctions held across Melbourne this week, revising down from the 1,179 originally scheduled, meaning around 9.5 percent were rescheduled to a later date.
Sydney saw 529 properties taken to auction, down from the previous week (551), and this time last year (615). Of the 454 results collected so far, 81.7 percent were successful, while 13.7 percent were withdrawn.
Adelaide was the best performing capital city auction market this week with a preliminary auction clearance rate of 87.1 percent. Canberra recorded a preliminary auction clearance rate of 78.9 percent, while Brisbane saw 71.9 percent of reported auctions record a successful result.
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