This week, the preliminary capital city auction clearance rates (weighted average) came to 67.4%. At the same time last year, the clearance rate was at 65.6%.
Weekly clearance rate (combined capital cities)
There was also a boost in clearance rates compared with last week’s 62.3%. This is largely due to Sydney’s weekly performance; up from the previous week’s 71.4% to 76.1%.
Melbourne saw clearance rates of 63.4%, which is up from 61.9% last week – the lowest level Melbourne had seen since the end of 2012.
The higher national clearance rate has reverted to trend levels from the pre-Easter and Anzac Day period.
However, the lower total market volumes at this time of the year – 1514 across the country – are usually attributed to the colder weather as we head into the chilly winter season.
Capital city auction statistics (preliminary)
This week, the combined capital city median price for houses came to a total of $556,023 after 4,637 were sold. Looking to units, after 1,733 were sold, their combined median price came in at $471,582.
Capital city private treaty median prices
Capital city home value changes came to a combined -0.4%. Sydney saw a weekly change of -0.3%, while Melbourne’s came in at -0.6%.
Capital city home value changes
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