- Clearance rate trends up
- More sellers list
To date, the 2022 auction market has been characterized by above average auction activity and an upward trend in clearance rates. This week was no exception with 2,405 capital city properties going under the hammer, up 35.2% from the week prior.
Melbourne topped the country with the number of auctions conducted this week recording over 1000 homes for the first time this year. Sydney was host to 892 auctions this week, up from 600 the week prior.
Compared to last week’s final clearance rate of 72.7%, this week’s results are up on the previous week but lower than the result recorded this time last year.
Watch the most comprehensive and up-to-date report on auction activity around Australia – powered by CoreLogic – with Eliza Owen. Exclusively on Realty Media Group’s Realty Talk. See all our shows at Realty.com.au