More auctions and more sales in capital cities than a year ago: RP Data's national weekend auction wrap

More auctions and more sales in capital cities than a year ago: RP Data's national weekend auction wrap
More auctions and more sales in capital cities than a year ago: RP Data's national weekend auction wrap

A preliminary weighted average clearance rate of 68.7% was recorded this week across capital cities compared to 68.9% last week and 67.7% this time last year.

RP Data national auction comment

Sydney provided the highest clearance rate and when combined with the higher volumes in Melbourne resulted in another solid week.

RP Data national auction comment - Sydney

This week a preliminary clearance rate of 76.4% was recorded in Sydney compared to 72.4% last week. Sellers with auctions scheduled in spring will welcome the strong result this week.

In Melbourne there was a preliminary clearance rate of 67% recorded compared to 71.4% last week. The market has built a solid basis for spring and continues to offer buyers good opportunity.

RP Data national auction comment - Melbourne

In Brisbane a preliminary clearance rate of 47% was recorded compared to 59.5% last week. Adelaide recorded a clearance rate of 62.3% compared to 64.6% last week.

In Canberra a clearance rate of 64.3% was recorded and in Perth there was a clearance rate of 75%.

In Tasmania one auction resulted in sales from the 4 held.

RP Data national auction comment - Brisbane
RP Data national auction comment - Adelaide

Robert Larocca

Robert Larocca

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

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