• Adelaide market reacts to lockdown
  • Melbourne gains strength
  • Sydney stabilizes

There were 1,791 homes scheduled for auction across the combined capital cities this week and of the 1,442 results collected so far, 73.6% have reported a successful result.   This week’s volumes are not only higher than last week’s 1,728 auctions held, but the highest number of auctions held since the week ending 5th April.  

In Melbourne, volumes increased over the week with 632 properties scheduled to go under the hammer, while in Sydney there were 807 scheduled auctions.

Across the smaller cities, Canberra was the standout performer for another week with over 80% of auctions successful. Adelaide’s clearance rate took a hit as the city entered into lockdown during the week, reducing from an 80.3% final clearance rate last week to a 41.2% preliminary success rate this week with the remaining 59% of auctions reportedly withdrawn.

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 Real Estate Talk.  See all our shows at Realty.com.au

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