Combined capital city preliminary clearance rate holds above 70% – Realty.com.au Blog


By Caitlin Fono, Research Analyst, CoreLogic Australia

There were 2,820 homes taken to auction across the combined capitals last week, the highest weekly volume of auctions held since the week ending December 1st last year

Alongside the lift in auction volume, the trend in clearance rates has also continued to rise, with the preliminary success rate coming in at 72.1% last week, up from 71.2% the previous week (revised down to 63.8% on final numbers) and the second week running where the preliminary clearance rate has come in above the 70% mark.  This was the highest preliminary clearance rate since the last week of July 2024 (72.2%). 

Melbourne recorded the most auctions, with 1,467 homes going under the hammer last week – the highest weekly volume since the last week of October 2024.  72.1% of auctions have been reported as successful so far, up from 70.7% the previous week (revised back to 63.7% on final numbers). This is the highest preliminary clearance rate Melbourne has seen since the week ending July 14th last year. 

959 homes went under the hammer in Sydney last week, the highest volume since the week ending December 1st last year.  Despite holding above the 70% mark for the third consecutive week, last week’s early success rate eased to 74.4%, down from 76.6% a week earlier (revised down to 67.2% once finalised). 

Across the smaller auction markets, Adelaide hosted the most auctions at 151, with 71.6% reported as successful so far – the highest since the last week of January earlier this year.  138 homes were taken to auction in Brisbane, with the city recording the lowest preliminary clearance rate of any capital at 53.1%.  88 homes were taken to auction in Canberra with a 70.7% preliminary clearance rate which is the highest rate since the week ending October 13th last year. 

The volume of auctions is set to reduce a little this week, with approximately 2,540 auctions currently scheduled across the combined capitals. 



Source link

  • Related Posts

    Canara HSBC Life Insurance Partners with GIC Housing Finance to Strengthen Financial Security for Home Loan Borrowers | The Property Times

    Strategic alliance to offer credit life insurance, to provide financial protection for home loan customers  Mumbai, March 15, 2025: Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”) has…

    Blue Heelers: Williamstown house that was used as series’ police station passes in at auction

    10 Thompson Rd, Williamstown, where Blue Heelers starring Martin Sacks and Lisa McCune was filmed, went under the hammer on Saturday. A Melbourne house where one of Australia’s most beloved…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Qld seeks new boss for construction watchdog

    Qld seeks new boss for construction watchdog

    Canara HSBC Life Insurance Partners with GIC Housing Finance to Strengthen Financial Security for Home Loan Borrowers | The Property Times

    Canara HSBC Life Insurance Partners with GIC Housing Finance to Strengthen Financial Security for Home Loan Borrowers | The Property Times

    Integrating Smart Technology Into Hydronic Heating Systems

    Integrating Smart Technology Into Hydronic Heating Systems

    Fed Gov invests in WA ports

    Fed Gov invests in WA ports