Auction Clearance This Week 09 Sep 2023
After the RBA meeting on 05th Sep 2023, the Australian property market has shown some great results. With most states and capital cities showing excellent results. Auction Clearance This week 09 SEP 2023 once again showed that Adelaide is still the top rated capital city with the maximum clearance.
Combined Capitals: A Comprehensive Overview
When we combine the numbers from all major capitals, a total of 2271 auctions took place, with 972 properties successfully changing hands. With a clearance rate of 75.9%, it’s evident that the Australian property market continues to be a hub of activity. But what’s the bigger picture? We’ll provide a comprehensive overview.
Sydney: The Auction Clearance Powerhouse
Total Auctions: 903
CoreLogic Auction Results: 580
Sold Prior to Auction: 263
Sold at Auction: 174
Sold After Auction: 5
Passed In: 70
Withdrawn: 68
Clearance Rate: 76.2%
Cleared Auctions: 442
Uncleared Auctions: 138
In the heart of Australian real estate, Sydney reigns supreme. With 903 auctions, it’s a bustling marketplace where properties find new owners. But what’s behind the 76.2% clearance rate? We’ll unravel the secrets of Sydney’s real estate charm.
Melbourne: A Hub of Real Estate Activity
Total Auctions: 1003
CoreLogic Auction Results: 526
Sold Prior to Auction: 162
Sold at Auction: 240
Sold After Auction: 7
Passed In: 79
Withdrawn: 38
Clearance Rate: 77.8%
Cleared Auctions: 409
Uncleared Auctions: 117
Melbourne, the cultural capital, also boasts a thriving property market. With a clearance rate of 77.8%, it’s a city where auctions are a way of life. What drives this auction frenzy, and what do the numbers say about Melbourne’s real estate?
Brisbane: A Steady Rise
Total Auctions: 133
CoreLogic Auction Results: 80
Sold Prior to Auction: 13
Sold at Auction: 32
Sold After Auction: NA
Passed In: 23
Withdrawn: 12
Clearance Rate: 56.3%
Cleared Auctions: 45
Uncleared Auctions: 35
Brisbane, with its warm climate and welcoming vibe, is also a player in the real estate game. But what’s the story behind its 56.3% clearance rate? We’ll explore the dynamics that make Brisbane a city to watch in the property market.
Perth: Compact Yet Active
Total Auctions: 13
CoreLogic Auction Results: 6
Sold Prior to Auction: NA
Sold at Auction: 4
Sold After Auction: NA
Passed In: NA
Withdrawn: 2
Clearance Rate: 66.7%
Cleared Auctions: 4
Uncleared Auctions: 2
In the far west, Perth stands as a compact yet active real estate market. With only 13 auctions, what drives its 66.7% clearance rate? We’ll uncover the unique dynamics that shape Perth’s property landscape.
Canberra: Balanced Transactions
Total Auctions: 90
CoreLogic Auction Results: 49
Sold Prior to Auction: 12
Sold at Auction: 17
Sold After Auction: 1
Passed In: 16
Withdrawn: 3
Clearance Rate: 61.2%
Cleared Auctions: 30
Uncleared Auctions: 19
In the capital city, Canberra, transactions are balanced, with a clearance rate of 61.2%. What makes this city unique, and how does it maintain such equilibrium in its real estate dealings? We’ll take a closer look.
Adelaide: Exceptional Clearance Rate
Total Auctions: 129
CoreLogic Auction Results: 46
Sold Prior to Auction: 15
Sold at Auction: 26
Sold After Auction: 1
Passed In: 4
Withdrawn: NA
Clearance Rate: 91.3%
Cleared Auctions: 42
Uncleared Auctions: 4
Adelaide boasts an exceptional clearance rate of 91.3%. What drives this remarkable success, and why is Adelaide standing out in the world of real estate? We’ll delve into the factors that make Adelaide a shining star.
Tasmania: The Mystery Element
While specific data for Tasmania is not available in this report, the island state adds an element of mystery to the overall Australian property landscape. With its unique character and charm, Tasmania’s real estate market remains intriguing.
National Auction Clearance This Week 09 Sep 2023
Reference CoreLogic
