news

Auction clearance rates improve

By Staff Reporter

Recent statistics are identifying that the auction clearance rate improved over the weekend from the previous week, with the long weekend denting previous statistics.

Over the combined capital cities, the auction clearance rate was noted by RP Data to be 65.7 per cent, up from 61.4 per cent for the previous week.

The volumes of the auctions also increased, “after a subdued level of auction activity last week as a result of the long weekend across the nation”, RP Data’s market summary explained.

There were 1,751 auctions in the capitals, compared to 775 over the long weekend.

Sydney saw the strongest result this week, with a 76.3 per cent clearance rate, up from 66 per cent. Melbourne’s clearance rate saw a 69.3 per cent result, compared to a slightly softer 68.4 per cent previously.

Since December 2012, auction clearance rates as a combined capital city average have been trending upwards.

Auction clearance rates improve
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%