VIDEO – Signs of a stable market

VIDEO – Signs of a stable market

  • 2 auction capitals over 70% again
  • National clearance slightly lower overall
  • Auction numbers smooth out

The combined capital cities returned a preliminary auction clearance rate of 68.3 per cent over the first week of August, coming in lower than last week’s final clearance rate when 68.6 per cent of auctions reported as successful.

The lower clearance rate this week was across a similar number of auctions week-on-week, with 1,100 capital city homes taken to auction, slightly lower than the 1,124 homes auctioned the week prior. Year-on-year figures continue to see clearance rates trend higher while volumes remain lower each week.

Despite the lower weighted average result this week, Melbourne and Sydney returned a preliminary clearance rate above 70 per cent for another week.

Across the smaller auction markets, volumes increased across all cities with the exception of Tasmania.  Brisbane was the best performing according to preliminary figures with 54.5 per cent of homes clearing at auction, while only 28.6 per cent of Perth homes sold.

Get a full rundown of results in all the capitals including a breakdown between units and houses.  Also a look inside the top sales in Sydney, Melbourne, Adelaide and Brisbane, Canberra and Perth.   Kevin Brogan joins Kevin Turner to present the latest figures from Core Logic.

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Kevin Turner
kevin@realestatetalk.com.au
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