Clearance rates warming up after January slowdown: CoreLogic

Clearance rates warming up after January slowdown: CoreLogic
Clearance rates warming up after January slowdown: CoreLogic

Auction volumes continued to increase across the combined capital cities last weekend, according to CoreLogic.

The national auctions recorded a preliminary clearance rate of near 68 percent.

Number of listings nearly doubled, with 1,464 homes going under the hammer this weekend in comparison to 790 the weekend before.

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Clearance rates warming up after January slowdown: CoreLogic

The nation are still behind from this time last year when there were 1,591 auctions held. The February 2017 clearance rate was stronger too, up at 72 percent.

Melbourne had the strongest clearance rate at 72.5 percent, while Sydney was at 68.7 percent, up from 57 last week.

The strongest of Sydney's 15 sub-regions were the Eastern Suburbs (85.2 per cent), the Northern Beaches (79.1 per cent) and the Inner West (75 per cent) regions. 

The lowest clearance rate was across the Sutherland Shire where 46.7 per cent of the 30 reported auctions were successful.

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Clearance rates warming up after January slowdown: CoreLogic

There was a big divergence in success rates between Sydney's east and the Sutherland Shire. 

Clearance rates warming up after January slowdown: CoreLogic

The gap was not as great in Melbourne between strongest region and weakest, i.e. the inner city and the Mornington Peninsula.

Clearance rates warming up after January slowdown: CoreLogic

 

 

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Clearance Rate

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