This week’s CoreLogic Property Market update

Preliminary results show 59.1 per cent of homes sold at auction.

There were 1,400 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 59.1 per cent, while last week, 1,324 auctions were held and the final clearance rate came in at 54 per cent. Auction Buy Property Bid Sell House Sale 300x200

Over the same week last year, auction volumes were higher with 2,040 homes going under the hammer across the combined capital cities, and the clearance rate was a stronger 67.5 per cent.

If we look at results by property type, houses outperformed the unit market this week with 60 per cent of houses selling at auction, while 57.1 per cent of units sold across the combined capital cities.

An interesting result this week considering so far this year the unit market has consistently been the better performer.

In Melbourne, Australia’s largest auction market, a preliminary auction clearance rate of 61.3 per cent was recorded across 718 auctions this week, up from 57 per cent across 629 auctions last week.

One year ago, the clearance rate was a stronger 69.8 per cent across 955 auctions.

There were 459 auctions held in Sydney this week returning a preliminary auction clearance rate of 59.1 per cent, compared to 51.9 per cent across 462 last week, and 67.6 per cent across 798 auctions one year ago.

Auction 1

Auction 2

Auction 2Auction 3Auction 4Auction 5Auction 6

Auction 7Auction 8Auction 9

Auction 10Auction 11Auction 12Auction 13Auction 14


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.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts