Clearance rates on an upward trend

There were 1,972 homes taken to auction last week, up from 1,670 over the previous week and the highest weekly volume so far this year.

Clearance rates have also been on an upward trend, with the preliminary capital city clearance rate coming in at 71.2%, the first time we have seen the early success rate above the 70% mark since the week ending 8th September last year (71.7%). Similarly, the final clearance rate from the week prior reached 64.2%, the highest since the first week of September 2024.

796 auctions were held across Sydney, also the highest over the year to date. We should see around 1,000 homes taken to auction this week. The preliminary clearance rate bounced higher, to 76.6%, the highest since the first week of July last year (76.7%).

The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. CoreLogic, on average, collects 99% of auction results each week.  Clearance rates are calculated across properties that have been taken to auction over the past week.

The volume of auctions is set to rise further this week, to around 2,450 and approximately 2,500 over the final week of February/beginning of March.

Property Market Indicator, Property Pulse, Research News   •   17 Feb 2025