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Combined capital cities record 80% auction clearance rate in March quarter




CoreLogic’s Quarterly Auction Market Review released today revealed Australia’s combined capital cities clearance rate reached 80.0% over the first quarter of 2021, up from 69.4% in the December 2020 quarter and 62.5% in the March quarter of 2020.

Looking at auction volumes, there were 19,004 homes taken to auction across the combined capital cities over the three months to March 2021, compared to 20,489 over the December quarter, and 18,902 this time last year. 

CoreLogic’s weekly auction clearance rate across the combined capitals has been at or above 80% just five times since 2008, and four of those were in March 2021. The week ending 28th March 2021 recorded the highest auction clearance rate on record (83.1 per cent),…

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