Capital city auction numbers rise 38%: RP Data's national auction wrap

Capital city auction numbers rise 38%: RP Data's national auction wrap
Capital city auction numbers rise 38%: RP Data's national auction wrap

A preliminary weighted average clearance rate of 68.1% was recorded this week across capital cities compared to 65.4% last week and 66.9% this time last year.

Based on the auctions conducted in the first six months of this year volumes have risen by a remarkable 38% since 2013. More people are selling homes by auction this year and this is a sign of a market that is performing well and delivering results for sellers and buyers.

RP Data National Auction Comment

Sydney continues to see the highest rates of sale at auction. This week a preliminary clearance rate of 73.2% was recorded compared to 70.1% last week.

RP Data Sydney Auction Comment

The improvements in the Melbourne market over the last few weeks have been sustained with a preliminary clearance rate of 69.3% recorded compared to 69.1% last week.

RP Data Melbourne Auction Comment

In Brisbane, a preliminary clearance rate of 43.9% was recorded compared to 32.2% last week.

Adelaide recorded a clearance rate of 66.7% compared to 59.7% last week.

In Canberra a clearance rate of 63.6% was recorded and in Perth there was a clearance rate of 50%.

RP Data Brisbane Auction Comment

 

RP Data Adelaide Auction Comment

Robert Larocca

Robert Larocca

Robert Larocca is Victorian housing market specialist for CoreLogic RP Data.

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