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James

James

Real estate , NSW

Capital city auction activity is expected to rise over this weekend as some cities see lockdown measures ease

1Mo ago 0 Replies 55 Views
The latest figures from CoreLogic showed that 2,077 auctions are scheduled across combined capital cities in the week ending 1 August, up 20 per cent on last week’s final figures at 1,728 and also higher than last year’s 1,154.

Of the capital cities, Melbourne remains on top, with the highest number of homes set to go under the hammer at 909 – rising 18 per cent on last week’s volumes following the city’s emergence from its fifth lockdown.

Sydney also continues to show strength despite remaining in lockdown, with a 23 per cent week-on-week rise on scheduled auction volumes to 721 from last week’s 585.

Final auction clearance rates fell over the past week as multiple cities struggled through lockdowns, including Sydney, Melbourne and Adelaide.
CoreLogic revealed a final auction clearance rate of 73 per cent out of 1,728 auctions over the week ending 18 July – declining from last week’s 73.7 per cent when a higher 2,097 auctions were held.

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