- More properties are scheduled for auction this week, up 12.7%.
- Last week's final clearance rate was 64.5%.
- Several stunning properties are heading to auction this weekend.
Homes going to auction have jumped back up, following a dip at the start of August.
Compared to one month ago, the number of homes picked up 27.8% from 1,539, and is 22.1% higher than the same time last year (1,611).
Melbourne is the busiest auction market for the weekend, followed by Sydney, and Brisbane. Tasmania does not have any scheduled auctions.
|City||Scheduled auctions||Week-on-week change|
Auction recap: first week of August
The final month of winter saw fewer homes go to auction, with the final clearance rate revised to 64.5%, according to CoreLogic. The clearance rate was a 40 basis point dip from the previous week, however, remained well above last year’s 56.6%; CoreLogic also noted it is the lowest clearance rate since Easter this year (61.5%)
|City||Clearance rate||Total auctions||Cleared auctions||Uncleared auctions|
Across the regions, Sydney’s top five areas included Sutherland, North Sydney and Hornsby, Inner West, City and Inner South, and Northern Beaches.
|North Sydney & Hornsby||71.9%||96|
|City & Inner South||70.0%||80|
Eye-catching auctions this weekend
Some stunning trophy pieces are heading to auction this weekend across Melbourne, including this five-bedroom property in Balwyn, as listed on Domain. The stately home is on a 672 square metre (sqm) plot and is being brought to market by Forge. The property is located at 28 Kalimna Street, Balwyn.
Among other eye-catching properties going to auction this weekend is a 1930s home located at 41 Mayfield Street, Ascot, in Brisbane.
Beyond the doors of its charming exterior, the home is a modern, minimalist, two-tone living space that tastefully transitions from the exterior character into a modern oasis.
The property is being brought to market by Ray White‘s Matt Lancashire.