Auction Activity Takes a Back Seat to Grand Finals and Long Weekend Festivities

From CoreLogic.

The combined capital cities saw significantly fewer auctions this week, with a total of 953 auctions held; the lower activity a result of most states being host to a long weekend as well as both the AFL and NRL grand finals taking place. Despite lower auction volumes, clearance rates held firm, returning a preliminary result of 69.4 per cent, rising from the 66.2 per cent last week when final results saw volumes reach their highest level since May this year (2,782).

Melbourne was the main driver of the strong clearance, with a preliminary result just under 90 per cent.  Over the same week last year, activity was equally subdued, with 872 auctions held and 75.8 per cent successful.  Brisbane was the only capital city to see a rise in volumes week-on-week.


Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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