21 Feb Big auction markets gather steam
- Melbourne over 1,000 auctions
- Sydney improves on last week and last year
- Canberra returns the biggest clearance
Last week, as auction volumes rose so too did the combined capital city final auction clearance rate, coming in with a 73.3% success rate across 1,596 auctions held. Not only was this an improvement on the 67.7% clearance rate over the week prior but a higher result from one year ago when 1,450 homes went to auction and returned a 51.2% success rate.
This week and weekend
This week, the combined capital cities are expected to see quite a significant rise in the number of homes taken to auction, with CoreLogic currently tracking 2,364 auctions, up from the 1,596 auctions held last week.
Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.