Easter Long Weekend Returns A Rise In Capital City Clearance Rate
Across the combined capital cities, the preliminary auction clearance rate rose to 72.2 per cent, from 62.7 per cent the previous week. The number of homes taken to auction however, fell to just 634 across the capital city markets, with Sydney host to the majority of auctions (362).
Preliminary results for Sydney show that 77.8 per cent of reported auctions (207) were successful, the strongest clearance rate for the city this year; however it is likely that this will revise down as further results are captured over the coming days.
In Melbourne, traditionally the country’s largest auction market, there were just 148 auctions held, with 93 results reported so far and a clearance rate of 69.9 per cent so it will be interesting to see what happens when the remaining results are obtained.
Auction results by property type
Sub-region auction statistics
National Auction Market Commentator,CoreLogic
Research Analyst, CoreLogic