CoreLogic RP Data released its final auction clearance rates for last week this morning

Cameron Kusher

CoreLogic

CoreLogic RP Data released its final auction clearance rates for last week this morning. Across the combined capital cities there were 1,541 auctions and we collected 1,319 results. Clearance rates across the combined area were recorded at 74.0%, their highest reading since the week ending 7/9/14. In the two largest markets, clearance rates were recorded at 70.9% in Melbourne and 83.3% in Sydney. Melbourne's clearance rate was at its highest level since the week ended 26/10/14 and Sydney's clearance rate was at it's highest level since the week ended 8/9/13. The results indicate a strong start to auctions this year with the market most likely buoyed by the recent 25 basis point cut to official interest rates which have been passed on in full by all of the major banks.


Cameron Kusher
Cameron Kusher
Analyst
CoreLogic

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment