Sydney has been the standout of the capital city auction markets in the first week of spring, recording a preliminary clearance rate of 83.1 per cent in the latest results from CoreLogic.
The seasonal impact of Spring may already be starting to show in the national auction market, with the latest results from CoreLogic indicating a rise in volume for the combined capital cities in the week finishing September 1.
Clearance rates reach new heights in latest auction results
Buyers continue to be out in force during the final weeks of winter, with the latest preliminary results from CoreLogic indicating the capital city clearance rate for the week ending August 25 could surpass the previous week's mark.
Combined capital city clearance rate expected to reach highest point since May 2017
The final weekly clearance rate for the combined capital cities is expected to hold above 70 per cent for the first time in more than two years, according to the latest data.
Sydney's preliminary clearance rate climbs above 80 per cent as market continues to make up lost ground
Auction volumes remained steady across the capital cities for the week ending August 11, while preliminary clearance rates rose in Melbourne and Sydney.
Auction volumes double in cities following election
The absence of any political uncertainty has been reflected in the auction results for the week ending May 26, with more than 2000 auctions held across the capital cities.
As loan squeeze takes toll on clearance rates, experts call for six-week auction campaigns
SQM Research Louis Christopher is calling for the typical four-week sales campaign to be extended, as the tightening loan approvals process takes its toll on clearance rates.
"We've all forgotten what a normal market is" agent says on cooling auction clearance rates
A Drummoyne home has defied market trends, skyrocketing $650k above the reserve price, while Place Bulimba held another successful All-Star Auction event.
Greg Young announced new Australian President for International Real Estate Federation
International Real Estate Federation (FIABCI) Australia Secretary-General and Real Estate Institute of Victoria (REIV) CEO Gil King have announced Greg Young of Queensland’s Young Property Group has been appointed FIABCI Australia President.
