Website Notifications

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

The big property markets showing signs of recovery this month

Aerial shot of property

In positive signs for property investors, key capital city markets are showing signs of life through this weekend’s auction clearance rates.

With historical low rates and APRA tipped to lower restrictions on capital, it seems that more buyers are entering the market.

As far as auctions go, Melbourne has topped the nation with its preliminary clearance rate of 69.7 per cent across its 644 auctions, according to Corelogic’s data from the weekend just passed. 

Sydney recorded a preliminary clearance rate of 67.1 per cent across 551 auctions, according to Corelogic. This is an increase from the previous week where 534 dwellings went to auction with 66.4 per cent clearing. 


For Sydney, it was the highest clearance rate since Easter last year. This week’s final figures will be lower week-on-week, although it will likely hold above or close to 60 per cent. 

One year ago, 641 auctions were held across Sydney with just over 50 per cent having a buyer. 

Across the other major capitals, Perth saw lower volumes week-on-week, while all other capital cities saw an increase in auction rates.

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

The big property markets showing signs of recovery this month
Aerial shot of property
nestegg logo
subscribe to our newsletter sign up
Recommended by Spike Native Network
Bronson - I love you Brenton please write more....
The Patriot - It seems madness to lower interest rates when we know that we will need room to drop later as the economy slows on back of China slowing. If wages do.......
Anonymous - Does the RBA think?....
Anonymous - Bloody mad. Much cheaper and better and more fun to learn to cook for yourself. And, if you are time pressed, a crockpot set up the night before and.......