17 Feb Encouraging auction results
- Buyers ‘re-engage’
- Confidence takes a boost
- Preliminary results around 80%
Auction markets have shown a strong result on higher volumes, with preliminary clearance rates around the 80% mark across the largest auction markets as the number of properties taken to auction tracking well above levels from a year ago.
There were 1,555 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 78.6 per cent.
Over the same week last year, auction volumes were lower with 1,450 homes going under the hammer across the combined capital cities, returning a final auction clearance rate of just 51.2 per cent.
Get a full rundown of results in all the capitals. Also a look inside the top sales in Sydney, Melbourne, Adelaide, Brisbane, Canberra and Perth. Kevin Brogan joins Kevin Turner to present the latest results from CoreLogic.