Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Preliminary clearance results hold steady

14 September 2020 Emma Ryan
Preliminary clearance results hold steady

Preliminary results from CoreLogic show the majority of areas held steady when it comes to auction clearance rates for the week concluded 13 September.

According to CoreLogic, the combined capital cities saw a preliminary clearance rate of 67.3 per cent. This is almost the exact same preliminary figure taken last week of 67.5 per cent, which later revised down to 60.5 per cent at final collection.

Over the same week last year, a final clearance rate of 72.8 per cent was reported across the combined capitals, CoreLogic noted.

“In total, there were 823 homes taken to auction across the combined capital cities over the week, down from 866 over the previous week and 1,639 this time last year,” the researcher explained.

Advertisement
Advertisement

“Sydney was host to 606 auctions this week, similar to last week when 608 auctions were held, although higher than this time last year when 585 homes were taken to auction.

“Of the 507 auction results collected so far, 70.4 per cent were successful, up slightly from last week’s preliminary result of 69.5 per cent which revised down to 62.3 per cent at final results. This time last year, Sydney recorded a final auction clearance rate of 76.0 per cent.”

Meanwhile, Melbourne remained largely subdued as the city continues its lockdown, seeing a preliminary auction clearance rate of 27.3 per cent across just 11 results.

“Across the smaller markets, Canberra recorded the highest preliminary clearance rate of 83.0 per cent, across 47 auction results, followed by Adelaide with a preliminary clearance rate of 75.9 per cent across 29 results,” CoreLogic said.

Preliminary clearance results hold steady
house for sale sign reb
lawyersweekly logo
Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

FROM THE WEB
Recommended by Spike Native Network
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.