Early Results Contrast Last Year’s Falls
Auction Update - The Wrap airs every Monday at 12:30 PM +11 UTC, LIVE on Facebook, Twitter and YouTube.
- Sydney is the busiest capital
- Melbourne trails Sydney in numbers and clearance
- Brisbane sluggish results
Capital city auction activity ramped up after the expected seasonal slowdown, with 1,122 properties taking to auction this week. This volume is almost double last week’s 625 auctions. The higher volumes returned a preliminary auction clearance rate just short of 70%.
As the remaining results are collected, the final clearance rate is expected to revise lower, however it is likely to come in higher the last week’s final clearance rate of 61%.
Final clearance numbers will be reviewed in our show with Kevin Brogan on Friday.
Get a full rundown of results in all the capitals. Also a look inside the top sales in Sydney, Melbourne, Adelaide, Brisbane, Canberra and Perth. Kevin Brogan joins Kevin Turner to present the latest results from Core Logic.