Last week’s national clearance rate currently sits at 72.3%, compared to the previous week’s result of 71.8%, while the corresponding week one year ago returned a clearance rate of 77.3% from more than 2,200 auctions
Sydney is again home to the nation’s highest clearance rate, with its preliminary result coming in at 77.2% from 724 tracked auctions.
The result is only slightly lower than the previous week’s result of 78.1%, which was the city’s highest clearance rate since August 2015.
Last week, the City and Inner South were Sydney’s best performing sub-regions, returning a preliminary clearance rate of 88.2%, while Baulkham Hills and Hawkesbury was the worst performer with a preliminary rate of 50%.
While Melbourne topped Sydney in terms of auction volumes, with 1,057 auctions, its clearance rate is somewhat lower.
Currently, Melbourne’s preliminary clearance rate sits at 73%, just below the 74.4% the city recorded during the previous week.
Inner Melbourne (234), Inner South Melbourne (157) and Inner East Melbourne (146) were the busiest sub-regions across the city, while the best performing region in terms of clearance rate was the Outer East with a preliminary clearance rate 79.6%.
In what was a relatively busy week for Brisbane last week, with 169 auctions held, the Queensland capital currently holds a preliminary clearance rate of 54.5%,
That mark is higher than the previous week’s 48.6%, but lower than the 63.6% recorded this time last year.
From its 109 auctions last week, Adelaide has returned a preliminary clearance rate of 69.9%, which is lower than the 75% recorded over the previous week; however it is well up on the 53.3% registered 12 months ago.
Preliminary results show 46.2% of Perth auctions sold last week.
In comparison, over the previous week the clearance rate was 31.6%, while one year ago 46.4% of Perth auctions were successful.
Despite auction volumes almost doubling in Canberra last week, from 59 to 104, the nation’s capital saw its clearance rate hold steady at 71.2%.
