- Clearance strengthens
- Demand to be tested this week
- Declining vales flatten
There were 2,050 homes taken to auction across the combined capital cities this week, down -15.6% from last week however, of the 1,634 results collected so far, 70.3% were successful.
While the clearance rate will revise lower once the remaining results are collected, it will likely hold around the high 60% range for the third consecutive week.
Whether clearance rates can hold at these levels as interest rates rise further will provide a timely test of the market’s depth of demand.
Watch a comprehensive wrap on the week’s national auction activity with Eliza Owen from CoreLogic. Auction Update is seen exclusively on Realty Talk. See all our shows at Realty.com.au