- Sydney remains upbeat
- Almost half Melbourne sellers withdraw
There were 1,591 homes taken to auction across the combined capital cities this week. Of the 1,207 results collected so far, 72.3 percent were successful.
In Melbourne, 510 homes were taken to auction this week. Of the 320 results collected so far, 42.5 percent were withdrawn, and a preliminary auction clearance rate of 54.4 percent was recorded. Of the 174 sold results, 50.6 percent were sold prior to the scheduled auction date.
There were 668 auctions held in Sydney this week. Of the 593 results collected so far, 83.8 percent were successful, making it the 7th consecutive week where the city has recorded a preliminary auction clearance rate above 80.0 percent. Of the 497 sold results, 52.7 percent were sold prior to the scheduled auction date.
Across the smaller auction markets, Adelaide was the best performing this week with a preliminary auction clearance rate of 88.1 percent, followed by Canberra (69.4 percent), Brisbane (68.1 percent), and Perth (63.6 percent). There were only 2 auctions recorded in Tasmania this week and they were both
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