By Robert Larocca

RP Data National Auction Comment

RP Data National Auction Comment, week ending 29 June, 2014

A preliminary weighted average clearance rate of 68.1 per cent was recorded this week across capital cities compared to 65.4 per cent last week and 66.9 per cent this time last year.

Based on the auctions conducted in the first six months of this year volumes have risen by a remarkable 38 per cent since 2013. More people are selling homes by auction this year and this is a sign of a market that is performing well and delivering results for sellers and buyers.

Sydney continues to see the highest rates of sale at auction. This week a preliminary clearance rate of 73.2 per cent was recorded compared to 70.1 per cent last week.

The improvements in the Melbourne market over the last few weeks have been sustained with a preliminary clearance rate of 69.3 per cent recorded compared to 69.1 per cent last week.

RP Data Melbourne Auction Comment

In Brisbane, a preliminary clearance rate of 43.9 per cent was recorded compared to 32.2 per cent last week. Adelaide recorded a clearance rate of 66.7 per cent compared to 59.7 per cent last week. In Canberra a clearance rate of 63.6 per cent was recorded and in Perth there was a clearance rate of 50 per cent.

RP Data Brisbane Auction Comment

RP Data Adelaide Auction Comment

Robert Larocca
RP Data Housing Market Specialist
0409 198 350

Source: RPD

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