More auctions and more sales in capital cities than a year ago

A preliminary weighted average clearance rate of 68.7 per cent was recorded this week across capital cities compared to 68.9 per cent last week and 67.7 per cent this time last year.

More auctions and more sales in capital cities than a year agoSydney provided the highest clearance rate and when combined with the higher volumes in Melbourne resulted in another solid week.More auctions and more sales in capital cities than a year ago

This week a preliminary clearance rate of 76.4 per cent was recorded in Sydney compared to 72.4 per cent last week. Sellers with auctions scheduled in spring will welcome the strong result this week.

In Melbourne there was a preliminary clearance rate of 67 per cent recorded compared to 71.4 per cent last week. The market has built a solid basis for spring and continues to offer buyers good opportunity.

1In Brisbane a preliminary clearance rate of 47 per cent was recorded compared to 59.5 per cent last week. Adelaide recorded a clearance rate of 62.3 per cent compared to 64.6 per cent last week.

2In Canberra a clearance rate of 64.3 per cent was recorded and in Perth there was a clearance rate of 75 per cent. In Tasmania 1 auction resulted in sales from the 4 held.



Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Robert Larocca


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

'More auctions and more sales in capital cities than a year ago' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts