Sydney’s busiest auction week this year

Sydney’s busiest auction week this year

  •   Sydney steps up to the plate
  •   Melbourne goes to the footy  
  •   Auction clearance remains high

 

Sydney records busiest week for auctions this year while AFL grand final slows activity across Melbourne. There was a significant drop in the number of auctions across the combined capital cities this week, with 1,262 homes taken to auction, down on the 1,983 auctions held at final results last week. The overall lower activity was attributable to the drop in activity across Melbourne over the week, as the state paused amidst the AFL grand final hype.

Despite the lower activity across Australia’s busiest auction market, the combined preliminary clearance rate came in at 74.4 per cent, up from the 70.7 per cent final clearance rate last week. Over the same week last year, 895 homes were taken to auction returning a much lower clearance rate of 45.8 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.

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Kevin Turner
kevin@realestatetalk.com.au
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