07 Oct VIDEO – Clearance unlikely to hold over 70%
- Buyer demand still high
- Choices are limited
- Sydney clearance tops the country
There were 1,324 homes taken to auction across the combined capital cities this week, slightly up on the previous week when 1,278 auctions were held. Preliminary results show a clearance rate of 71.3 per cent. As the remaining results are collected, it’s likely that the final clearance rate will revise below 70 per cent for the first time since mid-August.
Melbourne was host to 777 auctions this week, returning a preliminary clearance rate of 73.8 per cent.
With the NRL grand final on this weekend, auction volumes across Sydney dropped with just 316 homes taken to auction across the city. Preliminary results show a clearance rate of 79.8 per cent.
Across the smaller auction markets, Adelaide and Canberra saw lower auction volumes week-on-week while Brisbane and Perth saw an increase in the number of homes taken to auction over the week.
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.