- Fewer sellers withdraw
- More sellers go ‘all the way’ to auction
This week 2,727 homes were taken to auction across the combined capital cities, the busiest week since mid-July. With 2,244 results collected so far 83.3% were successful, marking the third consecutive week CoreLogic has recorded a preliminary combined capital city clearance rate in the 80’s.
Melbourne had the busiest week with 1,357 homes taken to auction across the city with seller confidence returning showing a decline in withdrawn auctions.
The trend in Sydney’s auction volumes has returned to an upward trajectory. Of the 734 results collected so far, 83.2% were reported as successful, continuing Sydney’s streak of 80%+ clearance rates which is now in its seventh consecutive week
Across the smaller capital city markets, Canberra reported the highest preliminary clearance rate with 93.6% of auctions returning a successful result —its highest clearance rate since late-July. This was followed by Adelaide and Brisbane with preliminary clearance rates of 89.7% and 81.3% respectively. In Perth, 13 of the 16 auction results collected so far were successful.
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