Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, with the latest CoreLogic Quarterly Auction Market Review showing a clearance rate of 49.9 per cent across the combined capitals. This...
Over recent weeks, auction clearance rates across the nation’s two largest housing markets (Sydney and Melbourne) have been significantly lower than they were 12 months ago. So whats driving the weakness in clearance rates?
CoreLogic auction activity analysis found that over the 3 months to December 2019, the combined capital cities clearance rate came in at 70.3 per cent from 26,923 auctions.
We all know Spring as supposedly the best time to be bringing your home to the market. What is often forgotten is that if everyone acts in the same way looking to sell during Spring, there is a lot more competition amongst vendors and it can be...
A review of auction market activity over the September 2017 quarter by CoreLogic revealed that clearance rates across the combined capital city auction markets fell to 67.8%, down from 71.7% over the June quarter. Brisbane was the only capital city...
The last time auction conditions were quite this sombre was in 2012, over what was the last significant market downturn, highlighting the correlation between property values and clearance rates as a timely indicator on market conditions and...
A quarterly analysis produced by CoreLogic on auction market activity showed an increase in the combined capital city auction clearance rate of 64.6 per cent over the March 2018 quarter, up from 62.3 per cent over the December 2017 quarter.
There were 3,409 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 66.9 per cent, overtaking last week as the third busiest week for auctions so far this year.
CoreLogic Quarterly Auction Market Review reveals clearance rates across the combined capital cities fell from 74.8% over the first quarter to 71.7% at the end of June quarter.
There were 2,404 homes taken to auction across the combined capital cities this week, increasing from 1,983 over the previous week.
The first week of August saw fewer auctions held across the combined capital cities, with 1,846 held, down from the 1,987 auctions held the previous week.
Three of the four busiest suburbs for auctions this week are in Melbourne with Reservoir coming in first place hosting 21 auctions.
CoreLogic news details auction activity across the combined capital cities increased this week after last week’s final and public holiday slowdown. Read more.
As auction volumes return to more normal levels after the festive period slowdown, auction clearance rates are holding higher than late 2017.