Melbourne remained the busiest market, although its auction volumes dropped to 756 from 962 every week earlier. The city’s preliminary clearance charge improved barely to 75.5%, persevering with a development of robust efficiency, with charges above 70% for 10 consecutive weeks and over 75% for the previous three.
Sydney adopted with 691 auctions, down from 771 the earlier week. The city posted a preliminary clearance charge of 72.5%, slightly below the 73.5% recorded earlier, which was later revised to 67.2%. “Sydney’s preliminary auction clearance charge has held above 70% for the previous 4 weeks however has constantly tracked under Melbourne’s,” Fono stated.
Among the smaller capitals, Brisbane led in quantity with 155 auctions. The city recorded a preliminary clearance charge of 70.8%, barely under the earlier week’s 76.1% however nonetheless above the 70% mark for a second week operating.
Adelaide noticed 102 houses taken to auction, with a preliminary success charge of 65.7%. In Canberra, 69 properties went beneath the hammer, with 73.1% reported as offered – the territory’s highest preliminary clearance charge since mid-March.