Tag: Auction Results

CoreLogic says there were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions tracking at the highest level since March, there has been no indication that clearance rates are starting to ease as we approach summer. However, when compared to last year, auction volumes continue to track lower with vendors still seemingly reluctant to place their properties on the market despite such strong selling conditions. There were 3,166 auctions reported over the corresponding week last year, with a clearance rate of 59.5 per cent, which is a substantially lower rate of clearance when compared to the higher rate that has remained consistent since July. This week’s preliminary clearance rate remains over 70.0 per cent (75.6 per cent), decreasing slightly over last week’s final clearance rate of 75.8 per cent.

CoreLogic says the combined capital city preliminary clearance rate increased this week, up from last week’s final of 73.6 per cent to 77.5 per cent, with auction volumes also showing an increasing trend over the week. There were 2,843 auctions held across the combined capital cities, up from last week’s 2,517. However, auction volumes continue to track lower than the corresponding period last year when 3,274 auctions were reported with a lower rate of clearance (62.3 per cent). The two largest auction markets, Melbourne and Sydney, continue to skew the capital city weighted average higher, with both cities consistently recording an auction clearance rate higher than 70 per cent throughout Spring, despite a substantial reduction in the number of auctions compared with last year. Late November and early December have historically shown the highest number of auctions. As the number of auctions trends higher over the coming weeks, the larger stock levels will provide a timely test of the auction markets strength.

CoreLogic says auction markets continue their strong run with the weighted preliminary clearance rate holding well above 70% for the 15th week running.

Auction activity has continued to rise through in the final month of spring, however the number of auctions remains well below the highs recorded a year ago. The preliminary clearance rate was 77.5 per cent across 2,490 reported auction results. This is higher than last week’s final clearance rate of 74.4 per cent, with auction volumes increasing compared to the 2,253 Capital city auctions reported last week. Over the corresponding week last year, auctions volumes were significantly higher with 2,947 auctions reported and a 61.4 per cent clearance rate. The high rate of clearance is evident in the distinct markets, where Melbourne reported an 80.5 per cent clearance rate, up from the previous weeks 77.5 per cent, also Sydney (82.1 per cent) and Canberra (79.5 per cent) producing high clearance rates week-on-week reporting above 80 and 70 per cent respectively, four weeks in a row.

CoreLogic has confirmed the Domain data we discussed Saturday, reporting a preliminary clearance rate highest this year.

Spring is seeing a lift in the auction market.  The number of homes taken to auction this week increased to 2,641, compared with 2,443 over the previous week.  The preliminary clearance rate of 80.2 per cent is the highest recorded for the year so far, up from 76.2 per cent last week. Over the corresponding week last year, the clearance rate was significantly lower at 64.9 per cent however auction volumes were higher, 3,143 auctions were held. Every capital city except Perth has recorded a preliminary clearance that was higher than a year ago, while the two largest auction markets, Sydney and Melbourne, recorded a preliminary clearance rate higher than 80 per cent.

CoreLogic says it has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent.

There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year.  The clearance rate has remained above 70 per cent since the last week in July.  Last week, the final auction clearance rate was recorded at 76.4 per cent with 2,290 residential properties taken to auction. At the same time last year, auction volumes were higher, with 2,858 capital city auctions held, 67.4 per cent were successful.  Sydney’s clearance rate continues to be nation leading, however the number of auctions held is still lower that at the same time last year.