This week’s CoreLogic Property Market update

Lower auction volumes across the combined capital cities week-on-week.

There were 1,669 homes taken to auction across the combined capital cities this week, down from 1,875 over the previous week.  Auction Buy Property Bid Sell House Sale 300x200

This time last year, volumes were significantly higher with 3,990 homes taken to auction over what was the pre-Easter weekend, traditionally one of the busiest
weeks for auctions each year.

Preliminary results show a clearance rate of 56.0 per cent across the combined capital cities this week, increasing from last week’s final clearance rate of 51.4 per cent although this will revise lower as the remaining results are collected .

The finalised clearance rates have sat above 49.0 per cent for 5 of the last 6 weeks and it’s likely that this week will be no different.

Over the same week last year the final clearance rate was recorded at 62.7 per cent.

In Melbourne, a preliminary auction clearance rate of 57.0 per cent was recorded across 820 auctions this week, while last week there were 920 auctions returning a final clearance rate of 52.1 per cent. 

ad_build_wealth

This time last year, 2,071 auctions were held across the city, returning a clearance rate of 65.8 per cent.

There were 506 auctions held in Sydney this week returning a preliminary clearance rate of 62.2 per cent although again this will revise down over the week as more results are collected.

In comparison, there were 638 auctions held over the previous week and the final auction clearance rate was 54.2 per cent.

One year ago, 1,383 auctions were held and the clearance rate came in at 61.1 per cent.

Looking at the smaller auction markets, Canberra and Tasmania saw fewer homes taken to auction week-on-week.

Auction 1

Auction 2

Auction 3Auction 4Auction 5Auction 6

Auction 7Auction 8Auction 9

Auction 10Auction 11Auction 12Auction 13Auction 14

icon-podcast-large

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.

icon-email-large

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

About

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


'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.
CAPTCHA Image

*


facebook
twitter
google
0
linkedin
0
email
Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!