While Australia’s national clearance rate remained relatively steady last week, early figures point to Melbourne’s worst week in months.
Figures from CoreLogic RP Data put the preliminary combined capital city clearance rate at 74.1% for last week, which puts it close to the previous week’s result of 74.6%.
The news wasn’t so good for Melbourne, with the preliminary clearance rate of 73% the lowest seen in the Victorian capital since mid-February.
The hardest hit area of the city was the Inner Melbourne sub-region, which with a preliminary clearance rate of 69.5% was the only sub region not to crack the 70% mark.
Sydney on the other hand had a much better week, with its preliminary result of 79.9% higher than the previous week’s final result of 77.3%.
Based on preliminary results, Central Coast was the strongest Sydney sub-region for the week with a 90.9% preliminary clearance rate.
also looks to have had a week-on-week improvement, with a preliminary result of 74.2% last week after a final result of 68.1% the previous week.
also looks to have had a good week, with its preliminary result coming in at 37.5% compared to last week’s 30.4%.
Despite a small decrease from 72.1% to 71.1% last week, there are still good signs for Canberra as it marks its fourth straight week with a clearance rate above 70%.
Brisbane looks like its clearance rate took a hit last week, with the preliminary result of 54.8% lowere than the previous week’s final result.
Out of six reported auctions in Tasmania there were four sales.
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