Volumes rise and demand increases across capital cities: RP Data's national auction market wrap

Volumes rise and demand increases across capital cities: RP Data's national auction market wrap
Volumes rise and demand increases across capital cities: RP Data's national auction market wrap

A preliminary auction clearance rate of 66.1% was recorded this week across capital cities compared to 66.6% last week and 67.1% this time last year.

RP Data national auction comments - Capital city

Demand from buyers was clearly sufficient to ensure that the clearance rate was largely unaffected by the substantial 61% rise in homes on offer at auction compared to this time a year ago.

In the Sydney market demand strengthened with a preliminary clearance rate of 76.2% recorded compared to 69.9% last week. Buyers have welcomed the increased choice this week.

RP Data national auction comments, Sydney

In Melbourne demand and supply continue to be well balanced with a preliminary clearance rate of 61.7% recorded compared to 68.8% last week.

RP Data national auction comments, Melbourne

In Brisbane a preliminary clearance rate of 49.5% was recorded compared to 46.5% last week. Adelaide recorded a clearance rate of 67.2% compared to 63.8% last week. In Canberra a clearance rate of 50.9% was recorded and in Perth there was a clearance rate of 45.2%. In Tasmania there was two sales from four results.

RP Data national auction comments, Brisbane

RP Data national auction comments, Adelaide

Robert Larocca

Robert Larocca

Robert Larocca is Victorian housing market specialist for CoreLogic RP Data.

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National Auctions Robert Larocca

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