NationalReal Estate News

Volumes rise and return a strong clearance rate (W/E 09/10/16)

After a relatively quiet weekend last weekend, volumes and clearance rates have risen substantially this week.

There were 2,246 auctions held across the combined capital cities. The preliminary clearance rate was 79.2 percent this week, up from a final clearance rate of 75.8 per cent last week across just 872 auctions. This week four of the capital cities recorded clearance rates above 80 per cent. At the same time last year, results were lower, with 69.5 percent of auctions clearing over a total of 3,016 capital city auctions.

Preliminary clearance rates in each state courtesy of CoreLogic (as at 9am EDST 09/10/2016):

  • Sydney – 81.5% clearance, 774 total auctions, 638 results reported, 520 cleared, 118 uncleared
  • Melbourne – 81.2% clearance, 1,110 total auctions, 946 results reported, 768 cleared, 178 uncleared
  • Brisbane – 55.8% clearance, 157 total auctions, 104 results reported, 58 cleared, 46 uncleared
  • Adelaide – 80.6% clearance, 97 total auctions, 62 results reported, 50 cleared, 12 uncleared
  • Perth – 55.6% clearance, 31 total auctions, 9 results reported, 5 cleared, 4 uncleared
  • Tasmania – 50% clearance, 9 total auctions, 4 results reported, 2 cleared, 2 uncleared
  • Canberra – 86.7% clearance, 68 total auctions, 60 results reported, 52 cleared, 8 uncleared

 

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