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Weekly auction results

Weekly auction results

The number of homes auctioned last week fell and clearance rates are lower, according to CoreLogic data.

The combined capital cities had 1,813 homes taken to auction in the week ending 8 April, with a preliminary clearance rate of 65.3%, according to the CoreLogic Property Market Indicator Summary.

Both the number of homes auctioned and the expected clearance rate were significantly lower than a year ago, when 3,517 homes were auctioned and 74.8% cleared.

Sydney auction results

There were 775 homes auctioned across Sydney, with a preliminary clearance rate of 67.1%, compared with 1,436 homes and a clearance rate of 77.7% in the same week last year. 

Sydney home values

Weekly – Prices decreased by -0.1% from the previous week. 

Monthly – Prices decreased by -0.2% over the past 28 days.

Year to date – In the year to date, prices have dropped -1.9%.

12 months – Prices have decreased by -2.6% over the past 12 months.

Melbourne auction results

There were 720 homes auctioned across Melbourne, with a preliminary clearance rate of 69.6%, compared with 1,488 auctions and a clearance rate of 79.3% in the same week last year.

Melbourne home values

Weekly – There was 0% weekly change from the previous week.

Monthly – Prices decreased by -0.3% over the past 28 days.

Year to date – In the year to date, prices have dropped by -0.5%.

12 months – Over the past 12 months, prices have increased by 4.9%.

CoreLogic’s report notes that private treaty sales represent 85% of all dwelling sales across the country.

 

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.