64.5% of homes sold at auction on the weekend as volumes continue to rise across the capital cities. Let’s have a look at the preliminary results. CoreLogic tracked 1,424 auctions this week returning a preliminary auction clearance rate of 64.5 percent. This was the highest number of auctions held in nine weeks, demonstrating an ongoing improvement in seller confidence as auction clearance rates hold reasonably firm under higher volumes. This time last year saw 1,295 homes taken to auction across the capital cities and a clearance rate of 62.9 percent was recorded. So an improvement in both numbers and clearance rates.
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday. Watch our exclusive report on Real Estate Talk’s Auction Update and a look inside some of the nation’s most recently sold auction properties.