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Capital city auction clearance rates

Posted on 14 December 2015

Source: CoreLogic RP Data

Over the week ending December 6 2015, CoreLogic RP Data captured 2,961 auction results, accounting for more than 91% of all auctions held across the capital cities.

The final auction clearance rate over the past week was recorded at 57.3%, which is its lowest auction clearance rate since February 2013.

Melbourne's clearance rate was 63.3% across 1,522 results, its lowest clearance rate since February of this year.

Sydney's clearance rate was recorded at 52.9% last week across 944 auction results.

Sydney auction clearance rates have fallen for 8 successive weeks and are now at their lowest level since December 2012.

After Sydney's auction clearance had outperformed Melbourne's for most of the past 3 years, Sydney has had a lower clearance rate than Melbourne for 13 consecutive weeks.


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