Capital city auction markets saw their volumes increase further last week with 1,268 auctions. Across the combined capital cities, auction clearance rates fell from 48.6% the previous week to 47.9% last week. In Melbourne, the clearance rate was recorded at 53.6% last week across 597 auctions, with the clearance rate increasing from 57.4% the previous week. Sydney’s auction clearance rate was recorded at 47.4% last week across 435 auctions with the clearance remaining unchanged from the previous week. 

Regards,

Agent Advice Team
RP Data
Source: www.rpdata.com.au