Australia’s capital cities are set to hold more than 2,200 auctions this week as volumes increase on last week.
According to CoreLogic RP Data, there are 2,250 residential auctions scheduled this week compared to 2,118 last week.
The figures show national combined clearance rate took a hit last week, falling to 74.6% from 76.9% the previous week.
Melbourne has retaken the mantle of the country’s auction capital for the week, with a national high of 962 homes set to go up for sale, an increase on last week’s 908.
The Victorian capital is also set to be home to the two busiest suburbs in the country, with the neighbouring Mount Waverley and Glen Waverley
set to hold 18 and 17 auctions respectively.
Melbourne’s final clearance rate for last week came in at 76.5%, a week on week drop of 2%.
Auction volumes in Sydney have improved by the smallest possible of margins, with 916 homes scheduled to go under the hammer compared to the 915 last week.
While volumes are not up, Sydney will be hoping for a spike in its clearance rate after last week’s final rate dropped to 77.3%.
Volumes are also set to rise in Brisbane, up to 160 this week from 130 the previous week, while Canberra is up to 77 from 50.
Auctioneers are also set to be busier in Perth
as volumes increase to 41 from 27, while Tasmania has seen numbers nearly triple over the week, from five to 14.
is the only market this week to see a decrease in volume numbers, down to 79 from 83 last 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