This week’s CoreLogic Property Market update

Auction activity reaches its highest level not only over the year-to-date, but the highest volume of auctions ever recorded across the combined capital cities and Melbourne individually. sale-sold-neighbourhood-house-sell-buy-property-market-hot-auction

The pre-Easter week sees the number of homes taken to auction reach their highest level ever recorded, with a total of 3,967 auctions held across the combined capital cities exceeding the previous highest week on record over the week ending 30th November 2014 when 3,908 auctions were held.

The uplift in activity is what has historically been seen in the lead up to the Easter period slowdown, although compared to the pre-Easter week last year auction volumes were significantly lower than this week (3,517).

The weighted average preliminary clearance rate did shift slightly lower this week amid the higher activity, returning a 65.5 per cent success rate.

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Auction 12

 

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About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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