Canberra ranks as Australia's hottest capital city auction market
Jonathan ChancellorDecember 7, 2020
Canberra ranks as Australia's hottest capital city auction market, according to CoreLogic RP Data preliminary national auction clearance rate report.
The national figure sits at 75.7% with the national capital Canberra sitting at 79.2%.
Sydney’s preliminary auction clearance rate was 78.8% across the week, the fourth week in a row where Sydney has recorded a result below 80%.
Across Melbourne, the week’s preliminary clearance rate was recorded at 78.6%, up from a recent low of 75.7% last week.
This week, Adelaide saw a preliminary clearance rate of 71.9%.
The preliminary clearance rate for Brisbane is 60.6%.
There were 23 Perth auctions this week, with a preliminary clearance rate of 43.8%.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.