4,000 more homes sold at auction than for the whole of last year | Robert Larocca

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 19^th 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.