“Auction exercise is predicted to fall additional subsequent week, with round 1,550 houses presently scheduled to go beneath the hammer across the mixed capitals,” stated Caitlin Fono (pictured), analysis analyst at Cotality.
Last week’s outcomes confirmed 1,710 houses auctioned across the mixed capitals, up from 1,561 the week earlier than, however down from 1,975 in the identical week final yr. The general clearance fee slipped for the primary time in seven weeks, reaching 68.5%, in comparison with 69.4% beforehand. Despite the decline, it was the second-strongest public sale week since mid-February final yr.
Melbourne recorded 786 auctions final week, with a clearance fee of 69.9%, down from 71.1% the week prior. This time final yr, the town noticed 870 auctions and a 62.3% clearance fee.
Sydney’s 597 auctions final week resulted in a clearance fee of 66.6%, down from 69.4% the earlier week and the bottom in six weeks. A yr in the past, Sydney’s clearance fee stood at 68.5% from 721 auctions.
