Auction Volumes Down Last Saturday

According to CoreLogic, 70.7 per cent of capital city auctions were successful this week, according to preliminary results. This week’s result indicates an upwards shift in the auction clearance rate from last week, when 66.4 per cent of auctions were successful and is also higher than the clearance rate recorded over the first month of winter 2016 (67.1 per cent). The number of residential auctions held this week was 811, down substantially from 2,218 last week. At the same time last year, 1,674 capital city auctions were held with 76.8 per cent clearing.

20160704 capital city

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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