Auctioneers are on a roll!
Auction Update The Wrap airs every Monday at 12:30 pm +10 UTC, LIVE on Facebook, Twitter and YouTube.
There were fewer homes taken to auction over the first week of July, with 945 capital city auctions held returning a preliminary auction clearance rate of 68.9 per cent; the 4th consecutive week above 60 per cent.
A preliminary auction clearance rate of 70.3 per cent was recorded across 388 auctions this week in Melbourne, while there were 552 auctions held in Sydney, returning a preliminary clearance rate of 78.2 per cent.
Looking at the smaller auction markets, auction volumes fell week-on-week across all capital cities. Preliminary results show that clearance rates were up over the week in all cities except Perth.
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.