The weekend before the four-day break helped make for the highest-volume week of auctions in three years, but that didn’t stop buyers and sellers coming out in droves over the weekend for the busiest Easter week of activity on record.
Across the combined capital cities, 874 homes were taken to auction over the week making it the busiest Easter on record. So far, 760 results have been collected returning a preliminary auction clearance rate of 79.4 per cent.
Over the previous week, 3840 homes were taken to auction across the combined capitals, returning the highest final clearance rate on record (83.1 per cent).
Sydney was host to 421 auctions over the week just gone, down from 1410 the week prior.
Of the results collected so far, 85.9 per cent were successful, slightly down from the final clearance rate of 87.6 per cent the previous week when volumes were significantly higher.
A total of 216 homes were taken to auction in Melbourne over the week, down from 1929 the week before.
Of the 170 results collected so far, 75.3 per cent were successful, which was down from a final clearance rate of 81 per cent the previous week.
Across the smaller auction markets, Canberra recorded the highest preliminary clearance rate with 93.8 per cent of the 48 reported auctions selling under the hammer.