- 3-week high clearance
- Listings down 8%
- Further reduction ahead
The combined capitals hosted a quieter auction week with the number of auctions reducing to 1,790 this week. Of the 1,285 results collected so far, 73.8% returned a successful result, the highest in 3 weeks.
Capital city auction activity is set to reduce further next week with roughly 1,600 auctions currently scheduled. This continues the early trend towards the usual seasonal winter decline in auction activity with many vendors waiting for spring to bring their homes to market.
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