60% Auction clearance rate is the low tide mark - Australia

National Auction Market Preview - 10 November 2017

 www.first2move.com.au 

This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 2,714 currently being tracked by CoreLogic, increasing from the 2,046 auctions held last week and lower than results from one year ago (2,897).

Across Melbourne, auction activity is expected to rise considerably after the slowdown seen preceding the Melbourne cup festivities last week, with the city set to host 1,209 auctions this week, up from the 318 auctions held last week.

In Sydney, 1,032 homes are scheduled to go to auction this week, down from the 1,232 auctions held last week.

Across the remaining capital cities, there are fewer auctions scheduled this week in Adelaide, Canberra and Perth, while volumes are to rise in Brisbane and Tasmania.

(Source: CoreLogic )