Auction volumes across Australia’s capital cities have rebounded somewhat this week according to figures from CoreLogic RP Data.
Figures show there are 1,822 auctions scheduled across the country this week, up by more than 100 on last week’s 1,704.
Vendors will be hoping the increased stock will attract more buyers this week after last week’s clearance rate of 74.9% was the lowest since the first week of March (74.5%).
Sydney is again the biggest auction market this week as numbers hold relatively steady, with 795 homes to go under the hammer this week, only slightly up on the 791 last week.
The harbour city will be hoping it can turn around its clearance rate this week after lasts week final rate of 78.8% was the first time below 80% since the final week of January.
Melbourne has seen a solid bounce in its volumes over the past week, with 759 auctions scheduled for the Victorian capital this week compared to the 655 last week.
With 13 auctions scheduled, Melbourne’s Mount Waverley
will be the busiest suburb this week, followed by its Melbourne neighbour South Yarra
and Sydney’s Randwick
, both of which have 12.
has also seen a slight jump in volumes, with 79 auctions set down for this week compared to the 69 held last week, while Canberra has 45 auctions scheduled compared to the 31 last week.
Brisbane has seen its volumes fall from 123 last week to 112 this week, while Perth
’s numbers are down 26 to 22 over the week.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out