Auction markets witness surge in activity

By Gerv Tacadena | 04 May 2021

Auction markets across Australia have recorded robust levels of activity over the weekend, figures from CoreLogic show.

Capital cities hosted 2,876 auctions over the weekend, which returned a preliminary success rate of 80.4%. These numbers were significantly higher than the preceding weekend's 2,087 auction volume and final clearance rate of 77.2%.

Of all capital cities, Sydney registered the biggest jump in activity, with auction volume increasing from 794 to 1,121, 83.5% of which turned into a sale.

Melbourne was the busiest capital city, hosting 1,277 auctions over the weekend. Of the results collected, 77.1% were successful.

Perth hit the highest clearance rate at 92.3%, although only for an auction volume of 22.

Canberra also reported a strong clearance rate of 90.6% for 120 auctions.

Auction activity surged across capital cities over the previous weekend, with Melbourne reporting the highest auction volume and Perth registering the strongest clearance rate.
The table from CoreLogic below shows the auction market performance of each capital city:

Top Suburbs : glendenning , west rockhampton , werribee , narara , ropes crossing

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