This week, 2,065 auctions were held across the combined capital cities, down from 2,168 over the previous week. Of the 1,704 results collected so far, 75.1 per cent have reported a successful result, increasing on last week’s preliminary clearance rate of 73.9 per cent, which revised down to 70.6 per cent at final figures. One year ago, 2,912 homes were taken to auction and 71.1 per cent of reported results were successful. For the previous 5 weeks, the final clearance rate across the combined capital cities has averaged 70.1 per cent, and it’s likely that this week will be at a similar level once remaining results are collected.
Capital City Auction Statistics (Preliminary)
Melbourne was host to 874 auctions this week, down slightly from the previous week (909), and substantially lower than this time last year (1,520). So far, 731 auction results have been collected, returning a preliminary clearance rate of 73.6 per cent, increasing on last week’s preliminary clearance rate of 71.7 per cent, which revised down to 69.3 per cent at final figures. One year ago, 73.2 per cent of reported auctions were successful across Melbourne.
Weekly Clearance Rate, Combined Capital Cities
Sydney was host to 871 auctions this week, and of the 730 results collected so far, 80.1 per cent were successful. Over the previous week, 886 homes were taken to auction across the city and a preliminary clearance rate of 76.9 per cent was reported, before revising down to 72.5 per cent at final figures. This time last year, 976 auctions were held across Sydney, and 73.8 per cent of reported auctions were successful.
Sub-region auction statistics
Across the smaller cities, Perth recorded the highest preliminary clearance rate at 78.6 per cent, noting volumes were low across the city. Canberra recorded a preliminary clearance rate of 75 per cent, followed by Adelaide (62.9 per cent) and Brisbane (57.7 per cent).