National clearance rate of 70% recorded for the weekend: Robert Larocca

National clearance rate of 70% recorded for the weekend: Robert Larocca
Robert LaroccaFebruary 15, 2015

A preliminary weighted average clearance rate of 70% was recorded this week across capital cities compared to 67.3% last week and 70.2% this time last year.

National auction review - Capital City

The market performed to recent trend this week and results between now and the Labour Day long weekend should provide a clearer indication as to the state of the auction market this year.

In Sydney a preliminary clearance rate of 77.9% recorded compared to 80.6% last week and 80.2% last year. The Sydney auction market has not shown any sign of weakness following the stand out year in 2014.

National auction review - Sydney

In Melbourne the auction market improved following the lowest clearance rate in 26 months last week. The preliminary clearance rate was 67.4%, compared to 60.7% last week and 69.2% this time last year.

National auction review - Melbourne

In Brisbane a preliminary clearance rate of 50.6% was recorded compared to 47.6% last week.

National auction review - Brisbane

In Adelaide a preliminary clearance rate of 72% compared to 58.2% last week.

National auction review - Adelaide

In Canberra a clearance rate of 72.2% was recorded compared to 67.9% last week.

In Perth a clearance rate of 33.3% was recorded.

Robert Larocca

Robert Larocca is Victorian housing market specialist for CoreLogic RP Data.

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