There were 1,739 homes taken to auction across the combined capital cities this week, compared to 1,757 auctions over the previous week. Of the 1,388 results collected so far, 75.1 per cent were successful. Last week, a preliminary clearance rate of 73.2 per cent was recorded across the combined capitals, revising down to 69.0 per cent at final figures. One year ago, 2,590 homes were taken to auction and 70.1 per cent of reported auctions were successful. 

Capital City Auction Statistics (Preliminary)

Please note: A minimum sample size of 10 results is required to report a clearance rate

Melbourne was host to 603 auctions this week, while the previous week saw 611 auctions held across the city. This time last year a higher 1,242 homes were taken to auction. Of the 502 results collected so far, 73.5 per cent were successful, increasing from last week’s preliminary clearance rate of 71.8 per cent, which revised down to 68.0 per cent at final figures. One year ago, 74.3 per cent of reported auctions were successful.

Weekly Clearance Rate, Combined Capital Cities

In Sydney, 849 homes were taken to auction this week, compared to 851 over the previous week and 947 this time last year. The preliminary clearance rate came in at 76.6 per cent this week, while the previous week recorded a preliminary clearance rate of 78.6 per cent, revising down to 73.3 per cent at final figures. This time last year, 71.9 per cent of reported auctions were successful. 

Across the smaller cities, Adelaide recorded the highest preliminary clearance rate at 90.9 per cent, followed closely by Canberra (89.7 per cent).