Your search results

Clearance rates rise above 60% across the combined capitals for the first time in ten weeks

Posted by societyrealestate on 15/08/2022
0

After recording the quietest auction week since mid-June last week (1,471), auction activity rose 9.0% this week, with 1,603 homes auctioned across the combined capitals.

With 1,176 results collected so far, the combined capitals preliminary clearance rate rose for the third consecutive week, reaching 60% for the first time since early June. With 61.5% of auctions returning a successful result, this week’s preliminary clearance rate is 2.0 percentage points higher than the week prior, when a preliminary rate of 59.5% (later revised to 56.6%) was recorded. Compared to this time last year (1,822), this week’s auction volumes are down -12.0%, and 70.0% of auctions held this week last year were successful.

Source Corelogic

  • Advanced Search

    More Search Options

Compare Listings