On trend result in capital city auctions | Robert Larocca

A preliminary weighted average clearance rate of 68.5 per cent was recorded this week across capital cities compared to 67.8 per cent last week and 70.4 per cent this time last year.

RP Data auction market preview | Capital CityThis result is consistent with the years trend. The year to date clearance rate for capital cities was 68.3 per cent before this week

In Sydney a preliminary clearance rate of 75.5 per cent was recorded compared to 71.9 per cent last week and 79.5 per cent last year.

Despite the clearance rate not being higher than a year ago the auction market has improved with more homes being sold.

RP Data auction market preview | SydneyIn Melbourne there was a preliminary clearance rate of 68 per cent recorded compared to 70 per cent last week and 68.6 per cent this time last year.

Concerns the auction market was beginning to weaken have not been added to this week. Next week will prove an interesting test with a record of around 1800 auctions scheduled.

RP Data auction market preview | Melbourne

In Brisbane a preliminary clearance rate of 50.5 per cent was recorded compared to 48.8 per cent last week.

RP Data auction market preview | Brisbane

Adelaide recorded a clearance rate of 50 per cent compared to 55.8 per cent last week.

RP Data auction market preview | Melbourne

20141020 Adelaide

In Canberra a clearance rate of 50 per cent was recorded and in Perth a clearance rate of 60 per cent was recorded.



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Robert Larocca

About

Robert Larocca is RP Data's Victoria Housing Market Specialist. He has built a profile over the past eight years as an expert on the Victorian residential property market. Visit www.rpdata.com


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