Auction activity across the combined capitals remained relatively steady in the week ending April 22, according to CoreLogic’s latest Property Market Indicator Summary.
A total of 1,746 homes were taken to market, returning a success rate of 63.1%. This was a substantial increase from last week’s final clearance rate, which saw the lowest weighted average result thus far this year at 61.7% (1,915 auctions).
Melbourne saw a total of 905 auctions take place over the week ending April 22, returning a 63.8% preliminary clearance rate, which was slightly higher than the 62.4% during the previous week when 873 auctions were held.
In Sydney, the number of homes taken to auction fell to 551. The lower volumes returned a higher week-on-week clearance rate, with 66.4% of properties reportedly selling. This was a significant increase from the previous week’s final clearance rate of 61.5%, when volumes were higher (795).
Watch Auction Insider for week ending 22nd April 2018
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
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 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 an appointment is free.
We value your privacy and treat all your information seriously - you can check out