Last auction week is well ahead of last year

Last auction week is well ahead of last year

• Strong ‘almost 70%’ end to the year
• 2 powerhouse markets finish well
• Auctions take a break until Feb 2020

There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by -5.6% on last week’s 2,912 auctions. Preliminary results show a clearance rate of 69.2%, after last week’s final clearance rate of 71.1%.

Melbourne saw 1,394 homes taken to auction this week, returning a preliminary clearance rate of 73.2%. Over the previous week, a higher 1,520 homes were taken to auction, returning a final clearance rate equal to this week’s preliminary result (73.2%).

There were 846 homes taken to auction across Sydney this week, down on the week prior when 976 auctions were held. Preliminary results show a clearance rate of 73.6 per cent, which was slightly lower than last week’s final result.

The smaller capital cities returned varied results, with Adelaide coming in with the highest preliminary clearance rate of 60.6%, while only 34.4% of Perth homes sold at auction. Brisbane returned 45.8%, and Canberra 57.6%.
Get a full rundown of results in all the capitals. Also a look inside the top sales in Sydney, Melbourne, Adelaide, Brisbane and Canberra. Kevin Turner presents the latest results from Core Logic.

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