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RP Data's forthcoming auctions schedule

The combined capital city clearance rates increase significantly over the week, from 52.8% the week prior to 60.3% last week, according to RP Data. Auction volumes also increased, with over 1,700 auctions held over the capital cities, compared with fewer than 1,500 the week prior. Similar increases are seen at this time each year in preparation for a quiet weekend of auctions, with both the AFL and NRL grand final games scheduled for the upcoming weekend.

Both Melbourne and Sydney, Australia’s two largest auction markets, had preliminary auction clearance rates above 60% this week.

There were 741 auctions held in Melbourne over the week, and the clearance rate increased from 55.6% the week prior to 62.5% last week. At the same time last year, there were 753 auctions held across Melbourne and the clearance rate was recorded at 50.2%.

While in Sydney, there were 667 auctions over the week, with clearance rates increasing from 56.7% the week prior to 64.1% last week. At the same time last year, there were 673 auctions held in Sydney over the week and the auction clearance rate was recorded at 50.5%.

Click to enlarge

Source: RP Data

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