My Account

Post image

Market bounces back

About :

The market bounces back from last week's low numbers!

Auction Update The Wrap airs every Monday at 12:30 pm +10 UTC, LIVE on Facebook, Twitter and YouTube.

There were 2,017 homes taken to auction across the combined capital cities this week, up from 1,324 over the previous week. Preliminary results show a clearance rate of 77.3 per cent, after last week’s final clearance rate dropped to 67.6 per cent.

Melbourne saw 977 homes taken to auction this week, returning a preliminary clearance rate of 76.7 per cent.

There were 729 homes taken to auction across Sydney this week with preliminary results showing a clearance rate of 82.3 per cent.

Across the smaller auction markets, Perth saw lower auction volumes week-on-week while Adelaide, Brisbane, Canberra and Tasmania all saw an increase in the number of homes taken to auction over the week.

Get a full rundown of results in all the capitals.  Also a look inside the top sales in Sydney, Melbourne, Adelaide, Brisbane, Canberra and Perth.   Kevin Brogan joins Kevin Turner to present the latest results from Core Logic.

Tags :

Auction Update Kevin Brogan CoreLogic auction bidding Sydney Brisbane clearance rate weighted average

Release Date:

14 October, 2019