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Auction clearance rates drop slightly

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Published on: Monday, August 17, 2015

The auction clearance rate across the capital cities fell slightly this week to 76.3%, from 76.9% the previous week, as the number of auctions fell from 2512 to 2103.



This time last year the clearance rate across the capital cities was 70.8% and total auctions were 1569.

The auction clearance rate in Sydney was 80.3% over the week, the first time it has been over 80% in five weeks. This time last year the clearance rate was 76.2%.

The Inner West reported a clearance rate of 86.6%; the City and Inner South reported 85.9%; and North Sydney and Hornsby had a clearance rate of 85.1%.

In Melbourne the clearance rate was 76.5%, lower than the 78.5% reported the previous week but higher than the 73.3% reported this time last year.

The highest clearance rate reported in Melbourne was 86.4% for Outer East Melbourne, followed by 78.5% in South East Melbourne.

The median price for houses sold at private treaty was just over $630,000 across the capital cities, while the median price for units was $544,211. Private treaty sales still represent around 85% of all dwelling sales across the country.

(All tables and data sourced from CoreLogic RP Data.)

 


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