Scheduled auctions continue to climb despite winter's arrival: RP Data

The number of auctions being held across the nation continues to climb, with 1,719 auctions scheduled for the coming week, according to RP Data.

The figure is slightly higher than the revised figure of 1,645 auctions last week and the revised figure of 1,520 auctions the previous week.

Last week, the clearance rate rose to a revised 68.1%, up from 67.3% the week prior.

At the same time last year the clearance rate was much lower at 50.5% and only 1,418 auctions were recorded.

Melbourne has 804 auctions scheduled for the coming week, slightly more than the revised figure of 795 last week and 738 auctions the week prior.

However, Melbourne’s clearance rate eased from 71.9% to 69.6% last week but is much higher than the same time last year, when it was 55.2%.

Meanwhile, Sydney’s clearance rate increased from the revised figure of 72.1% the previous week to 73.2% last week.

Sydney has 576 auctions scheduled for this week, slightly less than the revised figure of 588 auctions last week but still more than the previous week of 516 auctions.

At the same time last year, Sydney had a clearance rate of 51.3%.