Auction volumes jump past 2,000

By |
Australia’s auction market has kicked up a gear, with figures from CoreLogic RP Data revealing more than 2,000 auctions are set to be held across the country this week.

According to CoreLogic, 2,005 auctions are scheduled for this week, up from the 1,400 that returned a national clearance rate of 71.8% last week.

Close to half of those will be held in Melbourne, with the Victorian capital set to hold 949 auctions this week.

That figure is up from the 556 auctions that were held last week in Melbourne and delivered the Victorian capital a clearance rate of 74.4%.

Melbourne is also home to Australia’s busiest suburbs this week, with Richmond to hold 24, while 16 will be held in Bentleigh and Reservoir.

Last week saw Sydney return a nation-leading clearance rate of 78.1% and vendors will be hoping the city can produce a similar result this week after a solid jump in volumes.

Sydney is scheduled to see 668 homes go under the hammer this weekend, up from the 513 it held last week.

Adelaide was home to the next best clearance rate last week, returning a final result of 75% from 91 auctions.

Volumes in the South Australian capital have remained relatively steady over the week, with 92 auctions scheduled for this week.

Brisbane is expecting busier week, with 160 auctions this week compared to the 111 it held last week.

Vendors will be hoping Brisbane’s clearance rate experiences a similar increase, after coming in at just 48.4% last week.

Auction volumes in Canberra are expected to reach 90 this week, up from the 59 held in the nation’s capital last week.

Canberra’s clearance rate las week finalised at 71.2%.

Perth is the only capital city to see a decrease in volumes this week, with only 40 auctions scheduled compared to the 46 it held last week, from which it returned a clearance rate of 31.6%.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : lalor park , stafford hts , belmont , west rockhampton , wentworthville

go back

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.

Why does  Aussie need your personal information?    How does Aussie keep your information secure?
Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a partly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945.
© 2016 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here