- Fewer sellers withdraw
- Selling prior a preferred option
There were 1,535 homes taken to auction across the combined capital cities this week. So far, 1,183 results have been collected this week, returning a preliminary auction clearance rate of 67.3 percent.
In Melbourne, 531 homes were taken to auction. Of the 371 results collected so far, 53.6 percent were withdrawn, and of the 165 sold, 57.6 percent were sold prior. Amongst Sydney’s 609 scheduled auctions, 519 results have been collected with 84.0 percent being successful, the highest preliminary clearance rate the city has seen since mid-April. Of the 436 sold results in Sydney, 55.5 percent were sold prior to the scheduled auction date.
Across the smaller auction markets, Brisbane was the best performing this week with a preliminary auction clearance rate of 78.8 percent, followed by Adelaide (75.7 percent), Canberra (57.4 percent), and Perth (50.0 percent).
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 Realty Talk. See all our shows at Realty.com.au