Auction Clearance Rates – Week Ending 25th of July

Auction Clearance Rates – Week Ending 25th of July

Auction clearance rates remain strong this week with many properties achieving very favourable results. There was a slight increase in clearance rates this week in Brisbane with a massive spike in realestate.com.au views since NSW and Victoria continue in lockdown.

Understandably there were fewer homes taken to auction this week across our capital cities and lockdowns continue. Close to 300 properties in Melbourne and Sydney, for example, were withdrawn from auction. While Sydney recorded below record numbers for July Melbourne actually made a new July record up on the previous week with 1120 homes listed to sell under the hammer.

Auction Results State by State. (Auctions/Private Sales)Auction Results State by State. (Auctions/Private Sales)

Queensland – 77% (104/1178)
NSW – 87% (304/1505)
Victoria – 92% (357/1293)
ACT – 92% (61/53)
South Australia – 93% (28/257)
Tasmania – NA (0/151)
Western Australia – 71% (7/624)
Northern Territory – NA (0/32)

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