Cotality’s Property Market Indicator additionally listed 678 auctions in Melbourne final week, a rise from 628 the earlier week. Of these, 76.7% have been reported as profitable, the very best preliminary clearance charge for town since May 2023. “This is a strong rise on the earlier week,” mentioned Caitlin Fono, analyst at Cotality. “It’s the very best preliminary clearance charge for town since May final yr.”
In Sydney, 587 houses had been auctioned, up from 556 the week earlier than. The metropolis’s preliminary clearance charge was 74.8%, barely down from 76.2% the earlier week, however nonetheless above the 70% mark for the sixth consecutive week.
Brisbane led the smaller capitals with 155 auctions, and a preliminary clearance charge of 68.4%, up from 61.3% the week prior. Adelaide recorded 90 auctions, with 71.7% reported as profitable. The ACT held 55 auctions, returning a preliminary clearance charge of 65.8%.
Perth noticed six houses go to public sale, with two of the three reported outcomes being profitable. In Tasmania, two of three public sale outcomes have been collected up to now, with one property promoting.
