The combined capitals preliminary clearance rates edged above the 70% mark last week, rising to 70.4% after dipping to 69.2% the week prior (revising lower to 64.0% on final numbers).
The subtle lift in the early clearance rate was attributable to the smaller auction markets with Adelaide (88.9%), Brisbane (73.1%), and Canberra (52.2%) each recording a higher clearance rate compared to the previous week, while the major auction markets of Sydney and Melbourne recorded some slippage in the early success rate.
Melbourne hosted the most auctions, with 844 homes going under the hammer, the highest volume since the week ending June 23rd when 920 auctions were held. The preliminary clearance rate was 69.5% in Melbourne, down from 70.4% the week prior, which revised to 61.7% once finalised.
Capital City Auction Statistics (Preliminary) – headline results
Sydney saw 632 homes go to auction, up from 612 the week prior. Sydney’s early clearance rate held below the 70% mark for the second week running, with an early success rate of 68.0%, down from 69.4% the week prior.
The number of auctions scheduled for this week is currently just over the 2,000 mark, rising to around 2,100 the week after, signalling a pick up in selling activity ahead of the spring selling season.
Capital City Auction Statistics over time
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
Capital City Auction Statistics (Preliminary)
The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. CoreLogic, on average, collects 99% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
Sub-region auction statistics (preliminary)
CoreLogic, on average, collects 99% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
Download Property Market Indicator Summary
Meet Caitlin Fono
Sr Associate, Research Support
Caitlin has spent more than a decade working with property data and analytics in various roles, earning a position on the CoreLogic research team in 2013. As a respected and highly experienced research analyst, Caitlin works with high frequency data sets, regularly updating our widely read auction reporting, weekly activity updates and customised data briefs.
Full profile