subscribe to our newsletter sign up

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

How the long weekend impacted property sales

Aerial shot of property

Some Australian states had a public holiday on Monday for the Queen’s birthday, and it showed in auction and clearance rate results.

CoreLogic’s data suggest that 803 homes were taken to market across the combined capital cities.

The result was subdued, with preliminary auction figures showing a clearance rate of 51.3 per cent, which is down around 7 percentage points from last week’s rate of 58 per cent.

Comparing the result with 2018, 904 homes were taken to auction, returning a final clearance rate of 53.8 per cent.


The lower weighted average result can partly be attributed to weaker results across the smaller capital cities, with all returning preliminary results below 50 per cent.

Australia’s two biggest capital cities, Melbourne and Sydney, had a preliminary clearance rate of 64.7 and 62.8 per cent, respectively.

However, the number of properties up for auction fell significantly across Melbourne and Sydney with 216 and 310 going to auction, down from 730 and 677 for the previous week.

CoreLogic projects, as more figures come in, the clearance rate for Melbourne and Sydney could fall below 60 per cent each.


This email address is being protected from spambots. You need JavaScript enabled to view it.

How the long weekend impacted property sales
Aerial shot of property
nestegg logo
subscribe to our newsletter sign up
Recommended by Spike Native Network
Anonymous - It is not a bias to get a refund of over-withheld taxes. For once, Australia has a better tax system in this respect than most of the rest of the world.....
Anonymous - This is all identity politics rubbish. Inasmuch as most families are dual income earners and as most women are not in high paying jobs for a variety.......
Margaret - Happy that I won't be around in 2060....
Anonymous - This "analysis" is misconceived and should get a fail in statistics. Men pay more tax because they work more. So they should get more relief. And,.......