This week’s CoreLogic Property Market update

Preliminary clearance rate improves across the combined capital cities over the week.

The preliminary clearance rate increased to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent.

Auction volumes were lower over the week with 1,842 homes taken to auction across the combined capital cities, down from 2,002 last week. Auction

While the preliminary clearance rate tends to revise lower over the week as the remaining results are captured, the final clearance rate should still show an improvement week-on-week.

Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent, compared to last week when 56.2 per cent of the 992 auctions were successful.

Over the same week last year, there were 1,047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.

There were 635 auctions held in Sydney this week returning a preliminary auction clearance rate of 55.3 per cent.

In comparison, last week there were 708 auctions held and a final clearance rate of 49.4 per cent was recorded, while this time last year, 68.2 per cent of the 939 auctions held were successful.

Auction 1Auction 2

Auction 3Auction 4Auction 5Auction 6

Auction 7Auction 8Auction 9

Auction 10Auction 11Auction 12Auction 13Auction 14

fact: our markets are on the move

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.

Cameron Kusher


Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit

'This week’s CoreLogic Property Market update' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.