Monthly update: Second busiest week for auctions in major capital cities

According to RPdata, the combined capital cities have seen 3,033 homes taken to auction this week, the second busiest auction week so far this year. The previous week saw 2,940 homes taken to auction, while this time last year, 1,427 auctions were held across the combined capitals.

Capital City Auction Statistics (Preliminary)

There have been 2,533 results collected so far this week, returning a preliminary auction clearance rate of 81.0 per cent. This is down only slightly from the previous week when a preliminary clearance rate of 81.8 per cent was recorded, revising down to 78.3 per cent at final figures. Over the same week last year, 66.9 per cent of reported auctions were successful across the combined capital cities.

 Weekly clearance rate, combined capital cities

Melbourne was host to 1,474 auctions this week, the third busiest auction week the city has seen so far this year, and down only slightly from the previous week when 1,493 auctions were held. This time last year, 490 auctions were held across Melbourne. Of the 1,255 results reported so far, 80.1 per cent have been successful. In comparison, the previous week recorded a preliminary clearance rate of 79.4 per cent, revising down to 74.9 per cent at final figures, while this time last year, 63.5 per cent of reported auctions were successful.