There are 1,825 auctions scheduled to take place across the combined capital cities this week, up from 1,757 auctions last week, although lower than the 2,590 held over the same week last year.
Melbourne is set to host 637 auctions this week, up from 611 last week, although significantly lower than the same week last year when 1,242 auctions were held across the city.
Auctions this week
In Sydney, 899 homes are scheduled for auction this week, compared to 851 last week and 947 this time last year.
Across the smaller auction markets, Canberra is expected to hold the most auctions this week (95), followed by Brisbane (88), Adelaide (78) and Perth (28). There are currently no auctions on the radar in Tasmania this week.
Summary of last weeks results
There were 1,757 auctions held across the combined capital cities last week, compared to 1,747 over the previous week although lower than the same week last year (2,412). Final figures show that of the 1,749 auction results collected, 69.0 per cent were successful, compared to 71.0 per cent over the previous week and 70.6 per cent over the same week last year.
Capital city auction statistics (Final)- w/e 8 November 2020
Last week saw 611 homes taken to auction across Melbourne, compared to 606 over the previous week, although substantially lower than the same week last year (1,032). A final auction clearance rate of 68.0 per cent was recorded across the city this week, down from 70.1 per cent over the previous week and 71.7 per cent this time one year ago.
Weekly clearance rate, combined capital cities
There were 851 Sydney homes auctioned last week, similar to the previous week when 854 auctions were held, although lower than this time last year (948). Last week saw Sydney’s final clearance rate come in at 73.3 per cent, compared to 73.1 per cent over the previous week. Over the same week last year, Sydney recorded a clearance rate of 76.8 per cent.
Across the smaller cities, Canberra was the best performer in terms of clearance rates, recording a final clearance rate of 78.1 per cent, followed by Adelaide (68.9 per cent).