National clearance rate lifts: RP Data's national auction wrap

A preliminary weighted average clearance rate of 69.7% was recorded this week across capital cities compared to 67.9% last week and 69.3% this time last year.

Both Sydney and Melbourne, which account for the majority of the auction market in Australia, had strong results with clearance rates above trend.

This week a preliminary clearance rate of 77.6% was recorded in Sydney compared to 75.4% last week. Prior to this weekend the year to date clearance rate was a healthy 74.4%.

In Melbourne a result above trend for the year was reached with a preliminary clearance rate of 70.9% recorded compared to 68.5% last week. Not including this weekends results the clearance rate for the first eight months of the year was 67.3%.

In Brisbane a preliminary clearance rate of 32.3% was recorded compared to 44.7% last week. 

Adelaide recorded a clearance rate of 60.3% compared to 60.3% last week.

In Canberra a clearance rate of 59.1% was recorded and in Perth there was a clearance rate of 46.2%.