The combined capital city preliminary clearance rate improved across a lower volume of auctions this week.
Australian housing values racked up a third consecutive month of declines in July, with CoreLogic’s home value index dropping 0.6% over the month, a slight improvement from June when the national series was down 0.7%.
There are 1,206 capital city auctions being tracked by CoreLogic this week, down from 1,326 auctions last week, but higher than this time last year when 1,108 homes were taken to auction.
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The final clearance rate for Melbourne over the week ending 19th of July was 43.8%. This has fallen from 51.2% in the previous week and the low 60% range over the prior three weeks.
There were 1,344 capital city homes taken to auction this week, with preliminary collection showing a success rate of 59.2%.
There are 1,392 homes scheduled for auction across the combined capital cities this week, increasing on the 1,176 auctions last week and higher than the 1,124 last year.
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There were 1,167 homes scheduled for auction across the combined capital cities this week, down from 1,269 over the previous week, although higher than this time last year (896).
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The number of homes scheduled for auction is expected to remain relatively steady week on week across the combined capital cities, with 1,209 auctions being tracked by CoreLogic this week.