Auction volumes above 2000 for the third straight week

By |
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.

Adelaide is the only market this week to see a decrease in volume numbers, down to 79 from 83 last week.

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 : st kilda west , springwood , rooty hill , coolbellup , penrith

go back
  • Shame says on 22/08/2015 05:57:09 PM

    Auctions are fast becoming the domain of the IDIOT !!!! I was at an auction today, one bidder bid against himself 3 times!!! LOL

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.

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