18 Nov Second busiest auction week this year
- Almost 8 out of 10 sell nationally
- Sydney and Melbourne neck and neck
- Canberra records highest national clearance
There were 2,571 homes taken to auction across the combined capital cities this week, up from 2,412 over the previous week making it the 2nd busiest auction week all year. Preliminary results show a clearance rate of 74.1 per cent, compared to last week’s final clearance rate of 70.6 per cent. One year ago, 2,745 auctions were held across the combined capitals, with only 42.0 per cent returning a successful result.
Melbourne saw 1,241 homes taken to auction this week returning a preliminary clearance rate of 77%. There were 932 homes taken to auction across Sydney this week with preliminary results showing a clearance rate of 77.2 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 Core Logic.