If there is evidence that seller confidence is improving across Australia, it would be the growing number of homes up for auction, according to the latest figures from CoreLogic.
The capital's auction markets hosted 1,424 auctions over the weekend, the highest level of activity in nine weeks. This is an increase from the 1,251 homes reported the previous weekend.
Of all the houses passed under the hammer, 64.5% were successfully sold based on preliminary figures.
During the same period last year, 1,295 homes were auctioned in capitals and a customs clearance rate of 62.9% was recorded.
Melbourne has retained its status as the busiest city for auctions, with volume reaching 623 houses. The city, which recently imposed stricter restrictions on public gatherings, had an initial success rate of 62.7%.
Sydney also announced rosy auction numbers, with 614 homes that returned a 66.9% liquidation rate
However, the most successful city for the auctions was Adelaide. Of the 46 homes that were auctioned over the weekend, 76% made a sale.
The table below shows the performance of each capital:
If there is any evidence that sellers' confidence is improving across Australia, it would be the growing number of homes up for auction, according to the latest CoreLogic figures.
The capital's auction markets hosted 1,424 auctions during the weekend, the highest level of activity recorded in nine weeks. This is an increase from the 1,251 homes reported the previous weekend.
Of all the houses that went under the hammer, 64.5% were successfully sold based on preliminary figures.
During the same period last year, 1,295 homes were auctioned in capitals and a liquidation rate of 62.9% was recorded. ]
Melbourne maintained its status as the busiest city for auctions, with a volume reaching 623 houses. The city, which recently re-imposed tougher restrictions on public gatherings, had an initial success rate of 62.7%.
.
However, the most successful city for the auction was Adelaide. Of the 46 homes sold at auction over the weekend, 76% made a sale.
The table below shows the performance of each capital:
Main suburbs:
Kariong
,
East victoria park
,
ferntree gully
,
lockridge
,
Penrith
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