Low auction volumes across capital cities: RP Data's national auction wrap

A preliminary weighted average clearance rate of 59.9% was recorded this week across capital cities compared to 66.4% last week and 61.4% this time last year.

This is well below the year’s high of 76.2% recorded in late February, however comparatively low volumes this week reduce its value as an indicator to the state of the market.

In the Sydney market a preliminary clearance rate of 65.7% was recorded compared to 73% last week.

In Melbourne there was a preliminary clearance rate of 61% recorded compared to 65.4% last week.

In Brisbane a preliminary clearance rate of 42.9% was recorded compared to 42.5% last week. Adelaide recorded a clearance rate of 63% compared to 55.3% last week. In Canberra a clearance rate of 50% was recorded and in Perth there was a clearance rate of 33.3%. In Tasmania four homes sold from 17 auctions.