There were 2,845 homes taken to auction across the combined capital cities this week, compared to 2,905 over the previous week and 612 this time last year. A preliminary auction clearance rate of 78.2 per cent has been recorded across the 2,377 results collected so far. In comparison, the previous week recorded a higher preliminary clearance rate of 79.0 per cent, which revised down to 77.0 per cent at final figures. The final clearance rate has held at or above 77.0 per cent for all but one of the last 15 weeks, so it will be interesting to see how the clearance rate holds up as the remaining results are collected over the next few days.
Capital City Auction Statistics (Preliminary)Please note: A minimum sample size of 10 results is required to report a clearance rate
In Melbourne, 1,286 homes were taken to auction this week, compared to 1,345 over the previous week and 168 this time last year. Preliminary figures show 77.6 per cent of the 1,111 results collected so far were successful, in line with the previous week, when a preliminary clearance rate of 77.6 per cent was also recorded, revising down to 75.4 per cent at final figures.
Weekly Clearance Rate, Combined Capital Cities
There were 1,111 homes taken to auction across Sydney this week, compared to 1,150 last week and 309 this time last year. There have been 939 auction results collected so far, returning a preliminary auction clearance rate of 80.0 per cent. Last week’s preliminary clearance rate was a higher 81.6 per cent, which revised down to 78.9 per cent at final figures.
Across the smaller capital cities, Canberra recorded a preliminary auction clearance rate of 86.5 per cent, followed by Adelaide where preliminary results show 79.6 per cent of auctions were successful. Brisbane recorded a preliminary auction clearance rate of 63.6 per cent, while in Perth, 68.8 per cent of reported auctions were successful.