Sydney inner west and east auction clearance rate tumbles: CoreLogic RP Data

Sydney inner west and east auction clearance rate tumbles: CoreLogic RP Data
Sydney inner west and east auction clearance rate tumbles: CoreLogic RP Data

Auction clearance rates fell for the third consecutive week across the combined capital cities, down to 61.0% last week across a total of 2,288 reported auction results. 

This week 1,297 are scheduled across Sydney, with the 1,262 auctions are scheduled for Melbourne, accounting for over 80 per cent of all capital city auctions. 

Auction activity in Sydney has increased since this time last year, the latest CoreLogic RP Data figures show.

There are 1,297 auctions this week as opposed to 1,261 this time last year.

Brisbane, Canberra, Sydney, and Perth are all expecting fewer auctions than last week, while in Melbourne and Adelaide, the number of auctions this week relative to last week is higher. 

CoreLogic RP Data say Mosman is the busiest Sydney suburb with 18 auctions scheduled.

Last weekend the previously strong inner west in Sydney fell to its weakest auction clearance rate for some time, at 64%. The east, that had also been travelling above 80%, also fell, but only to the mid 70s. 

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Sydney inner west and east auction clearance rate tumbles: CoreLogic RP Data

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Sydney Residential Auctions

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