National clearance rate of 67.7% recorded over the weekend

CoreLogic RP Data National Auction Comment, week ending 23 November 2014

A preliminary weighted average clearance rate of 67.7 per cent was recorded this week across capital cities compared to 68.5 per cent last week and 65.4 per cent this time last year.

CoreLogic RP Data Auction Comments | Capital City

There are 4 weeks left for auctions this year and there have been 26.5 per cent more auctions than last year with 88,402 auctions compared to 66,908 at the same stage last year.

In Sydney a preliminary clearance rate of 74.3 per cent recorded compared to 73.1 per cent last week and 74 per cent last year. With just 4 weeks for auction remaining this year there have already been over 4,000 more homes sold at auction than for the whole of last year.

CoreLogic RP Data Auction Comments | Sydney

In Melbourne a preliminary clearance rate of 64.9 per cent was recorded on the 19th week with over 1,000 auctions this year. This compares to 68.9 per cent last week and 65.1 per cent this time last year. Below trend results continue to be recorded as high auction volumes are a weekly feature of the market.

CoreLogic RP Data Auction Comments | Melbourne

In Brisbane a preliminary clearance rate of 52.2 per cent was recorded compared to 45.8 per cent last week.

CoreLogic RP Data Auction Comments | Brisbane

Adelaide recorded an above trend clearance rate of 64.3 per cent compared to 55.4 per cent last week.

CoreLogic RP Data Auction Comments | Adelaide

In Canberra a clearance rate of 69.8 per cent was recorded.

In Perth a clearance rate of 66.7 per cent was recorded.

In Tasmania 3 auction sales were recorded and 8 homes were passed in.

Robert Larocca
CoreLogic RP Data Housing Market Specialist

About Robert Larocca

Robert Larocca has built a profile over the past eight years as an expert on the Victorian residential property market. He worked for the REIV both directly and as a consultant over 8 years acting as a spokesperson, managing its research department and public policy. He has been a media and government relations consultant and spent a decade working across the three levels of government including as a Councillor and Mayor in the City of Moreland. He has well developed leadership skills in the not for profit sector and has been the Chairperson of CERES Community Environment Park for 9 years.

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One Response to National clearance rate of 67.7% recorded over the weekend

  1. hidflect December 22, 2014 at 4:58 pm #

    Perth clearance rate now 22.5%. It’s over.

    http://www.rs.realestate.com.au/cgi-bin/rsearch?a=ars&s=wa

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