15 May

• Activity down 3%
• 70%+ clearance

Auction activity decreased -3.0% this week, with 1,673 auctions held across the combined capitals. 

The previous week saw 1,724 homes auctioned, while this time last year, 2,879 capital city auctions were held. 

The combined capitals recorded a second week where the preliminary clearance rate held above 70%, with 74.4% of the 1,349 results collected so far reporting a successful result. 

Last week’s preliminary clearance rate was 70 basis points higher at 75.1% (revised to 69.9% at final figures), while this time last year, 60.1% of auctions held were successful.

Watch a comprehensive wrap on the week’s national auction activity with Tim Lawless from CoreLogic.   Auction Update is seen exclusively on Realty Talk.  See all our shows at Realty.com.au