Demand in Melbourne auction market rises: RP Data's national auction market wrap

Demand in Melbourne auction market rises: RP Data's national auction market wrap
Demand in Melbourne auction market rises: RP Data's national auction market wrap

A preliminary weighted average clearance rate of 66.6% was recorded this week across capital cities compared to 60.6% last week and 63.3% this time last year.

RP Data national auction comments - Capital cities

Sydney has returned a result consistent with its performance over the year and Melbourne has seen a strong week with another 1,000 plus weekend and a clearance rate above trend.

In the Sydney market a preliminary clearance rate of 71.7% was recorded compared to 67.3% last week.

RP Data national auction comments - Sydney

In Melbourne there was a preliminary clearance rate of 69.6% recorded compared to 62.4% last week. The traditional winter slowdown is more akin to the spring market in some recent years.

RP Data auction comments - Melbourne

In Brisbane a preliminary clearance rate of 44.7% was recorded compared to 37.3% last week.

Adelaide recorded a clearance rate of 50% compared to 59.4% last week.

In Canberra a clearance rate of 42.9% was recorded and in Perth there was a clearance rate of 25%.

In Tasmania three homes sold from 14 auctions.

RP Data auction comments - Brisbane

RP Data auction comments - Adelaide

Robert Larocca

Robert Larocca

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

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