The national auction clearance rate looks to have taken a step backwards last week, but there is good news for Sydney after its clearance rate reached a five-week high.
Across 1,704 auction results, the preliminary clearance rate sits at 76.3%, lower than the previous week’s 76.9% according to CoreLocic RP Data figures.
Sydney so far leads the way in terms of clearance rates for last week, with the harbour city sitting on a preliminary rate of 80.3%, the first time it has been over 80% in five weeks and up from the previous week’s 78.3%.
The Inner West (86.6%), City and Inner South (85.9%) and North Sydney and Hornsby regions (85.1%) all performed strongly last week.
Melbourne has reported a preliminary rate of 76.5% for last week, which represents a 2% decrease on the previous week’s result.
The Outer East (86.4%) was the only sub-region to crack 80% for the week, with the South East (78.5%) the next best.
Brisbane preliminary rate sits at 60.2% for last week, slightly down on the previous week’s 61.1%.
also saw a decrease, down to 71.2% from 77.4%, while Perth
’s preliminary has plummeted to 23.1% from 50%.
Canberra has so far seen an increase, with its preliminary rate sitting at 77.4% compared to 74.1% for the previous week.
Across Tasmania 5 auction results have been reported this week, with 3 sales.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
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