august auction numbers bounce back
Auctions bounce back for the second week of August. Image: Canva.
  • 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.

The CoreLogic Auction Preview expects 1,967 homes to head to auction this weekend, a 12.7% rise from last week, and just a hair under the final week of July (1,973).

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
Melbourne 847 +9.7%
Sydney 819 +18.4%
Brisbane 128 +50.6%
Adelaide 92 -12.4%
Canberra 70 -15.7%
Perth 11 +57.1%

Source: CoreLogic.

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
Sydney 63.4% 692 438 253
Melbourne 65.0% 772 502 270
Brisbane 65.9% 85 85 62
Adelaide 70.5% 105 74 31
Perth n.a. 7 7 25
Tasmania n.a. 2 2 2
Canberra 62.7% 83 53 31
Weighted Average 64.5% 1,746 1,125 620

Source: CoreLogic.

Across the regions, Sydney’s top five areas included Sutherland, North Sydney and Hornsby, Inner West, City and Inner South, and Northern Beaches.

Region Clearance Rate Auctions
Sutherland 78.6% 28
North Sydney & Hornsby 71.9% 96
Inner West 70.2% 57
City & Inner South 70.0% 80
Northern Beaches 70.0% 41

Source: CoreLogic.

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.

 



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