08 Nov

• Sydney strongest in 6 months
• Withdrawn auction numbers fall
• Fewer passed in

Nationally, auction activity fell -2.0% across the combined capitals this week, with 1,883 capital city homes taken to auction. With 63.7% of the 1,468 results collected so far returning a successful result, the combined capitals recorded the strongest preliminary clearance rate since late May.   

Sydney hosted 751 auctions this week.   With 580 results collected so far, Sydney recorded its highest preliminary clearance rate since mid-April. While Melbourne hosted the busiest auction week, its clearance rate of 61.9% was slightly below that achieved in Sydney at 69.7%.

Across the smaller capitals, Brisbane, Canberra, and Perth saw weekly auction numbers fall. Adelaide bucked that trend with a slight rise in auction activity and the highest clearance of the smaller capitals.

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