31 Jul Stamp Duty concessions will test the market
- ‘Price clustering’ ahead in NSW
- 90% withdrawn or sold prior in Melbourne
- Brisbane numbers surge
There were 1,326 capital city homes scheduled for auction last week 54.1% returned a successful result, which was an improvement from the week prior by one percentage point.
There are 1,206 capital city auctions being tracked by CoreLogic this week. In Melbourne, 357 auctions are scheduled across the city this week, lower than the 540 auctions scheduled last week, which saw 217 withdrawn from the market according to final figures; a trend that is likely to continue throughout the lockdown period.
There are 611 Sydney homes scheduled for auction this week, up from 594 last week, and higher than the 386 held one year ago. Across the smaller auction markets, Brisbane is set to hold the most auctions this week (114), followed by Canberra (61), Adelaide (51) and Perth (11).
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday exclusively on Realty Media’s Real Estate Talk. See all our shows at Realty.com.au