Surge in Brisbane clearance rate as election fever comes to a close

first_imgPreliminary data shows surge in Brisbane’s auction clearance rate this past week compared to same time last year. Picture: AAP Image/Dave Hunt.BRISBANE’S auction clearance rate has surged about 14 percentage points over the same week last year, according to preliminary results by CoreLogic.Its weekend market summary found the preliminary clearance rate in Brisbane rose to 57.6 per cent across 152 auctions this week.It was a major jump compared to the same time in 2016 when 191 auctions were held with a clearance rate of 43.8 per cent.The early figures were also a rise on last week, when 46.7 per cent of 217 auctions were successful.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoOn the Gold Coast, 41 per cent of the 39 auctions that were reported so far were successful. Sydney’s preliminary clearance rate was 66.2 per cent as properties like 50 Ocean Rd, Freshwater, sold, this one for $5.4m. Picture: AAP Image/ Ryan Osland.Melbourne saw the highest clearance rate of 69 per cent – but there was some concern as it was the third week in a row that the city had gone below 70 per cent.The previous week’s final clearance rate of 66.9 per cent was “the lowest clearance rate the city has seen since July 2016”, according to CoreLogic.Sydney was at a preliminary clearance rate of 66.2 per cent, Adelaide came in higher at 67 per cent, Canberra was at 66.1 per cent while just three of six auctions had been reported out of Tasmania so far for the week, with just one successful under the hammer. FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOXlast_img

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