11 Oct

• 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busiest week with 1,357 homes taken to auction across the city with seller confidence returning showing a decline in withdrawn auctions.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.

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