Auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 66.4 per cent.
Melbourne was host to 725 auctions this week with preliminary results returning a 67.9 per cent clearance rate, about 5% up on the final numbers from last week. In Sydney, 522 homes were taken to auction this week, up from 313 last week. The preliminary clearance rate came in at 74.7 per cent this week, increasing from 56.2 per cent last week.
Across the smaller auction markets, Adelaide and Canberra saw an increase in the number of homes taken to auction this week, while Brisbane and Perth saw lower volumes week-on-week. There were no auctions held in Tasmania this week.
Get a full rundown of results in all the capitals including a breakdown between units and houses. Also a look inside the top sales in Sydney, Melbourne, Adelaide and Brisbane, Canberra and Perth. Kevin Brogan joins Kevin Turner to present the latest figures from Core Logic.