Auction clearance rate remains high across all capital cities: CoreLogic

Auction clearance rate remains high across all capital cities: CoreLogic
Auction clearance rate remains high across all capital cities: CoreLogic

The auction clearance rate remains high across the combined capital cities in the final weekend of October, recording above 70% for the 14th consecutive week, according to CoreLogic’s latest weekly report.

Click to enlarge

Auction clearance rate remains high across all capital cities: CoreLogic

There were 2,246 auctions held across the capital cities, with a preliminary auction clearance rate of 77.6%, showing only a slight decrease over last week’s final clearance rate of 78.1% across 2,680 auctions.

This is higher than the corresponding week last year, where 61.0% of the 2,547 capital city auctions were successful.

Click to enlarge

Auction clearance rate remains high across all capital cities: CoreLogic

The strong clearance rate continues to be supported by exceptionally strong auction market conditions in Sydney where the preliminary clearance rate was recorded at 84.4% across almost 1,100 auctions, while the preliminary clearance rate in Melbourne (78.6%), Canberra (71.1%) and Adelaide (75%) also tracked above 70%.

Click to enlarge

Auction clearance rate remains high across all capital cities: CoreLogic

Tags: 
Auctions Corelogic

Comments

Be the first one to comment on this article
What would you like to say about this project?