There were 2,635 homes taken to auction across the combined capital cities this week, down from 3,226 over the previous week and 2,668 this time last year.
Of the 2,024 results collected so far, 62.3 per cent were successful. The previous week returned a preliminary clearance rate of 63.7 per cent, with the final clearance rate revising down below 60 per cent (59.3 per cent) for the first time since late August 2021. It is likely to hold below 60 per cent again this week once the remaining results are collected. This time last year, the clearance rate was a higher 70.6 per cent across the combined capital cities.
Capital City Auction Statistics (Preliminary)
In Melbourne, 1,235 homes were taken to auction this week, down from 1,478 over the previous week. This time last year fewer homes were taken to auction across the city (1,081). Of the 1,006 results collected so far, 61.2 per cent have been successful, down from the previous week’s preliminary clearance rate of 62.9 per cent, which revised down to 60.4 per cent at final figures. Over the same week last year, 64.0 per cent of auctions were successful.
Weekly clearance rate, combined capital cities
There were 915 auctions held across Sydney this week, compared to 1,109 over the previous week and 1,164 this time last year. Of the 708 results collected so far, 59.0 per cent were successful, down from the previous week’s preliminary clearance rate of 62.8 per cent, which revised down to 56.4 per cent at final figures.
Capital City Auction Statistics (Preliminary)
Across the smaller capitals, Adelaide recorded the highest preliminary auction clearance rate (75.8 per cent), followed by Canberra (71.1 per cent) and Brisbane (65.2 per cent). Adelaide was the busiest auction market this week with 211 homes taken to auction across the city, followed by Brisbane (133) and Canberra (125). There were 15 auctions held in Perth this week, and just one auction in Tasmania.
Sub-region auction statistics (preliminary)
CoreLogic Australia