National clearance rate of 67.7% recorded over the weekend.
A preliminary weighted average clearance rate of 67.7 per cent was recorded this week across capital cities compared to 68.5 per cent last week and 65.4 per cent this time last year.
There are 4 weeks left for auctions this year and there have been 26.5 per cent more auctions than last year with 88,402 auctions compared to 66,908 at the same stage last year.
In Sydney a preliminary clearance rate of 74.3 per cent recorded compared to 73.1 per cent last week and 74 per cent last year. With just 4 weeks for auction remaining this year there have already been over 4,000 more homes sold at auction than for the whole of last year.
In Melbourne a preliminary clearance rate of 64.9 per cent was recorded on the 19th week with over 1,000 auctions this year. This compares to 68.9 per cent last week and 65.1 per cent this time last year. Below trend results continue to be recorded as high auction volumes are a weekly feature of the market.
In Brisbane a preliminary clearance rate of 52.2 per cent was recorded compared to 45.8 per cent last week.
Adelaide recorded an above trend clearance rate of 64.3 per cent compared to 55.4 per cent last week.
In Canberra a clearance rate of 69.8 per cent was recorded.
In Perth a clearance rate of 66.7 per cent was recorded.
In Tasmania 3 auction sales were recorded and 8 homes were passed in.
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.