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There were 1,472 homes taken to auction across the combined capital cities this week, increasing from 1,026 over the previous week, although much lower than this week last year (2,311). Preliminary results show an auction clearance rate of 58.8 per cent across the combined capitals, increasing from last week’s final clearance rate of 50.4 per cent, while this week last year the clearance rate was recorded at 62.1 per cent. Once final results are collected, the final clearance rate will most likely revise down to the low 50 per cent range.
We’re back with Nicola McDougall and Kevin Turner as they discuss interesting stories in the real estate industry this week.
The weighted average preliminary clearance rate rose across a higher volume of auctions this week with 1,019 homes taken to market returning a 54.6 per cent success rate. The higher activity this week comes off the back of the Easter period slowdown which saw only 394 auctions held across the capitals and a 43.9 per cent final auction clearance rate, which was the second lowest clearance rate over the year to date.
Preliminary results show an auction clearance rate of 58.2 per cent across the combined capitals, thanks to a stellar result from Sydney.
We’re back with Kieran Clair and Kevin Turner as they discuss interesting stories in the real estate industry this week.
Latest Housing Market Update for Australia.
This week 1,978 auctions were held across the combined capital cities, returning a preliminary auction clearance rate of 57.2 per cent.
We’re back with Nicola McDougall and Kevin Turner as they discuss interesting stories in the real estate industry this week.
Through March the largest auction markets have seen the clearance rate holding around the mid-to-low 50% range which is lower than the same time last year, but a substantial improvement relative to late 2018.While there has clearly been a seasonal bounce in the clearance rate, auction results are holding reasonably firm on higher volumes. The number of auctions is likely to rise further in the lead up to Easter; if we see the clearance rate continuing to hold around the mid-to-low 50% range it will be a strong sign that the fit between buyer and seller pricing expectations is becoming more balanced.