This week’s CoreLogic Property Market update

Another steady week for auctions across the combined capital cities.

A total of 1,746 homes were taken to market, returning a success rate of 63.1 per cent increasing from last week’s final clearance rate which saw the lowest weighted average result so far this year at 61.7 per cent (1,915 auctions). sale-sold-neighbourhood-house-sell-buy-property-market-hot-auction

Melbourne saw a total of 905 auctions take place this week, returning a 63.8 per cent preliminary clearance rate, which was slightly higher than the 62.4 per cent over the week prior when 873 auctions were held.

The number of homes taken to auction across Sydney fell this week, with 551 held.

The lower volumes returned a higher week-on-week clearance rate with 66.4 per cent of properties reportedly selling, increasing on the week prior’s 61.5 per cent final clearance rate when volumes were higher (795).

 

Auction 1

Auction 2Auction 3

Auction 4Auction 5Auction 6

Auction 7Auction 8Auction 9

Auction 10Auction 11

Auction 12Auction 13Auction 14

 

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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


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