Buyers drive up national clearance rate in week of low volumes: RP Data's national auction wrap

Buyers drive up national clearance rate in week of low volumes: RP Data's national auction wrap
Buyers drive up national clearance rate in week of low volumes: RP Data's national auction wrap

A preliminary weighted average clearance rate of 69.4% was recorded this week across capital cities compared to 66.6% last week and 65.1% this time last year.

Prior to this weekend the national year to date clearance rate was 67.3%. This is very healthy compared to the 63.2% recorded last year and in 2012 when less than half of all auctions resulted in sales when the clearance rates was 49.1%.

RP Data national auction update

This week a preliminary clearance rate of 74.6% was recorded in Sydney, a significant rise on the 71.1% last week.

RP Data Sydney auction update

In Melbourne there was a preliminary clearance rate of 68.4% recorded compared to 68.3% last week. The Melbourne market has been delivering very consistent results for sellers in the past four weeks.

RP Data Melbourne auction update

In Brisbane a preliminary clearance rate of 59.3% was recorded compared to 42.2% last week.

Adelaide recorded a clearance rate of 75.6% compared to 62.7% last week.

In Canberra a clearance rate of 48.4% was recorded and in Perth there was a clearance rate of 52.6%.

In Tasmania two auctions resulted in sales from the six held.

RP Data Brisbane auction update

RP Data Adelaide auction update

Robert Larocca

Robert Larocca

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

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