Auction Clearance Rates

Auction clearance rates continued to ease again last week with the weighted average auction clearance rate recorded at 62.7% and represents the fourth week in a row where weighted average clearance rates sat below 70%. Melbourne’s auction clearance fell further last week to 68.8%. Sydney’s auction clearance rates also fell further during the week and are now recorded at 62.1%

Latest National Auction Clearance Rates

The volume of new properties entering the market and the total number of properties available for sale are both sitting at levels well above 12 month averages with new listings 12.5% above average and total listings 4.1% above average.

Across the nation the total number of new rental listings has jumped from 24,708 last week to 26,906 this week. As a result, total listings have also increased from 53,333 last week to 55,517 this week.

For more information contact www.rpdata.com.au