Despite the Christmas season in full swing, the Australian auction market continued to post solid numbers compared to last year, according to the latest CoreLogic report.
Over the weekend, 2,750 houses were sold at auction in the combined capitals. While the volume of recent auctions was lower than the activity of the previous weekend, the market was busier compared to the same period last year.
The CoreLogic figures show a preliminary clearance rate of 69.2%, lower than the final clearance rate of the previous weekend of 71.1%. A year ago, the 2,406 recorded auctions produced only a 40% success rate.
"The auction business will not resume seriously until early February next year, as the market emerges from the seasonal holiday slowdown," said the auction. ; CoreLogic analyst, Jade Harling.
Melbourne has always ruled in terms of auction volume. Over the past weekend, 1,394 houses have gone under the hammer of the city, of which 73.2% have managed to find their new owner.
[Sydney9002] Sydney also posted a good auction, with 846 auction activities and an initial success rate of 73.6%.
"The smallest capitals have shown mixed results, with Adelaide arriving with the highest preliminary clearance rate of 60.6%, while only 34.4% of Perth homes sold at auction," said Harling. .
The table below shows the performance of each capital:
Main suburbs:
mt colah
,
Windale
,
tweed heads south
,
crossing ropes
,
lambton north
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