Sydney leads capital city clearance rates: CoreLogic RP Data

Sydney leads capital city clearance rates: CoreLogic RP Data
Sydney leads capital city clearance rates: CoreLogic RP Data

Some 70 percent of combined capital city auctions were successful for the week ending 24 April according to CoreLogic RP Data, who reported Sydney with a preliminary clearance rate of 78.4 percent.

Preliminary results show nationally the strongest clearance rate for the past month, although down from the 82.3 percent recorded this time last year. 

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Sydney leads capital city clearance rates: CoreLogic RP Data

Melbourne has a preliminary clearance rate of 71 percent with the inner sub-region of Melbourne a 70.3 percent clearance rate from 91 results. 

Sydney’s preliminary clearance rate rate rose from last week's 69.8 percent to 78.4 percent this week, with the Eastern Suburbs being the most successful region for auctions with a clearance rate of 91.4 percent. 

Brisbane clearance rates fell to 40.9 percent, from 47 percent last week with the Gold Coasta preliminary clearance rate of 41.4 percent. 

Adelaide’sclearance rate fell to 59.7 percent this week, Perth a clearance rate of 30.4 percent and Canberra at 69.4 percent, the strongest in six weeks.

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Sydney leads capital city clearance rates: CoreLogic RP Data

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Auctions Residential Sales

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