- Over 3,000 properties auctioned
- Buyers chase houses over units
- Sydney buyers flock to buy
There were over 3,000 capital city homes taken to auction this week, making it the busiest week for auctions we’ve seen this year; in fact the largest number since March last year.
Of the 3,058 homes auctioned, according to preliminary figures, 78.9% returned a successful result, coming in higher than last week’s final clearance rate of 68.5% across a lower 2,612 auctions and significantly higher than final results from one year ago (41.3%, 2,749 auctions).
As usual, we expect to see some downward revision by final collection.
Get a full rundown of results in all the capitals with Tim Lawless from Core Logic. Also a look inside the top sales in Sydney, Melbourne, Brisbane and Canberra.
As a bonus over the summer break we will feature some auction insights with Melbourne Buyers Agent Cate Bakos. This week Cate helps us work out the price range that you need to realistically be preparing for prior to the big day.