By Robert Larocca

RP Data national auction preview

There are 1,994 auctions scheduled across capital cities this week. This is 30 per cent more than last week and 31 per cent more this time last year. Volumes have increased over the last week in all cities with the exception of Canberra.

Last weeks improved clearance rate, up 1.8 percentage points to 65 per cent was driven by stronger demand in Sydney.

This week Melbourne has 979 auctions compared to 710 last week and there are improving conditions for buyers with clearance rates persistently in the low 60’s. Sydney continues to return strong clearance rates and this week there is a rise in auction numbers to 724 from 618.

In Adelaide there are twice as many auctions with 115 expected compared to 57 last week. In Brisbane 112 auctions are expected following last week’s 89. There are 27 auctions expected in Canberra, 37 in Perth and 8 in Tasmania.

Across Australia the highest volume of auctions will be found in Reservoir and Richmond in Melbourne, both of which have 20 scheduled. In Sydney the highest volume of auctions are in the inner northern suburb of Waverton with 12.

Robert Larocca
RP Data Housing Market Specialist

Source: RPD

Follow: Subscribe to this post's comments