The combined capital cities have seen 3,033 homes taken to auction this week, the second busiest auction week so far this year. The previous week saw 2,940 homes taken to auction, while this time last year, 1,427 auctions were held across the combined capitals.
Capital City Auction Statistics (Preliminary)
There have been 2,533 results collected so far this week, returning a preliminary auction clearance rate of 81.0 per cent. This is down only slightly from the previous week when a preliminary clearance rate of 81.8 per cent was recorded, revising down to 78.3 per cent at final figures. Over the same week last year, 66.9 per cent of reported auctions were successful across the combined capital cities.
Weekly clearance rate, combined capital cities
Melbourne was host to 1,474 auctions this week, the third busiest auction week the city has seen so far this year, and down only slightly from the previous week when 1,493 auctions were held. This time last year, 490 auctions were held across Melbourne. Of the 1,255 results reported so far, 80.1 per cent have been successful. In comparison, the previous week recorded a preliminary clearance rate of 79.4 per cent, revising down to 74.9 per cent at final figures, while this time last year, 63.5 per cent of reported auctions were successful.
Capital City Auction Statistics (Preliminary)
In Sydney, 973 homes were taken to auction this week, up from 916 over the previous week and 700 this time last year. There have been 856 results collected so far, returning a preliminary clearance rate of 80.8 per cent. The previous week saw a preliminary clearance rate of 85.0 per cent, which revised down to 81.5 per cent at final figures, while this time last year 70.4 per cent of reported auctions were successful. Once final results are collected, there is a chance we will see Sydney’s final auction clearance rate drop below 80 per cent for the first time since the week ending 22nd August.
Across the smaller auction markets, Adelaide recorded the highest preliminary clearance rate at 90.5 per cent, followed by Canberra (87.2 per cent), Brisbane (80.2 per cent) and Perth (42.9 per cent). There were just two auctions held in Tasmania this week, with results yet to be reported.
Sub-region auction statistics (preliminary)
CoreLogic Australia