CoreLogic Quarterly Auction Review - June 2017

CoreLogic Quarterly Auction Market Review June 2017 Released July 2017

Overview Across the combined capital city auction markets, clearance rates fell to 71.7% over the June 2017 quarter, compared to 74.8% over the March quarter.

Clearance rates fell on a quarterly basis across all capital city markets, with Sydney down -4.6 per cent to 73.3 per cent and Melbourne down -2.7 per cent to 75.8 per cent over the quarter. The total number of auctions held was much higher over the June quarter, increasing by 9,990 auctions when compared to March 2017.

Although clearance rates were down over the quarter, year-on-year there was an improvement in the clearance rate across the combined capital cities, increasing from 67.9 per cent over the June 2016 quarter, to 71.7 per cent over the June 2017 quarter. The clearance rate for Melbourne is up 4.9 per cent year-on-year, while Sydney is up slightly too (0.7 per cent). Auction volumes increased over the same period, with 25,367 homes taken to auction across the capitals over the June 2016 quarter, compared to 29,231 in June 2017.

Auction market review highlights Capital city auction clearance rate & volumes Sydney Melbourne Brisbane Adelaide Perth Tasmania Canberra Combined capitals

73.3 % 75.8 % 48.8 % 64.6 % 37.1 % 52.4 % 68.3 % 71.7 %

(11,458 auctions) (13,122 auctions) (1,760 auctions) (1,322 auctions) (530 auctions) (107 auctions) (932 auctions) (29,231 auctions)

Highest number of auctions for the quarter across capital city suburbs: based on total auctions held across the suburb over the reporting period Melbourne: Sydney: Brisbane: Canberra: Adelaide: Perth:

Reservoir Mosman Sunnybank Hills Ngunnawal Norwood East Perth

184 165 37 27 33 17

Highest clearance rate for the quarter by capital city suburbs: clearance rates are calculated when there has been at least 20 auction results reported over the period Sydney: Melbourne: Brisbane: Canberra: Adelaide:

Double Bay 100.0% (captured results: 28, scheduled auctions: 33, number sold: 28) Tullamarine 96.2% (captured results: 26, scheduled auctions: 27, number sold: 25) Camp Hill 75.9% (captured results: 29, scheduled auctions: 31, number sold: 22) Kaleen 80.0% (captured results: 20, scheduled auctions: 22, number sold: 16) Norwood 51.7% (captured results: 29, scheduled auctions: 33, number sold: 15)

Across the non-capital city markets monitored by CoreLogic, Wollongong was the only region to see an increase in the auction clearance rate over the June quarter, up 0.9 per cent to 70.4 per cent. The biggest fall was seen across the Sunshine Coast, where the clearance rate fell -5.1 per cent from 52.4 per cent over the March quarter, to 47.3 per cent over the June quarter. Geelong clearance rates fell slightly (-1.8 per cent), although retained the top spot for the strongest performing non-capital city region. The Gold Coast region was the busiest non-capital city market, with 770 auctions held, up from 751 over the previous quarter, and similar to June 2016 (774). Year-on-year, clearance rates have improved across all 5 non-capital city markets.

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Capital city & major regional markets Quarterly summary, capital cities Across the combined capital city auction markets, clearance rates fell to 71.7 per cent over the June 2017 quarter, compared to 74.8 per cent over the March quarter. Clearance rates fell on a quarterly basis across all capital city markets, with Sydney down -4.6 per cent to 73.3 per cent and Melbourne down -2.7 per cent to 75.8 per cent over the quarter. The total number of auctions held was much higher over the June quarter, increasing by 9,990 auctions when compared to March 2017.

Although clearance rates were down over the quarter, year-on-year there was an improvement in the clearance rate across the combined capital cities, increasing from 67.9 per cent over the June 2016 quarter, to 71.7 per cent over the June 2017 quarter. The clearance rate for Melbourne is up 4.9 per cent year-on-year, while Sydney is up slightly too (0.7 per cent). Auction volumes increased over the same period, with 25,367 homes taken to auction across the capitals over the June 2016 quarter, compared to 29,231 in June 2017.

Capital City Clearance rate (Jun Qtr '17)

Total auctions (Jun Qtr '17)

Clearance rate (Mar Qtr '17)

Total auctions (Mar Qtr '17)

Clearance rate (Jun Qtr '16)

Total auctions (Jun Qtr '16)

Sydney

73.3%

11,458

77.9%

6,996

72.6%

8,888

Melbourne

75.8%

13,122

78.5%

8,664

70.9%

11,741

Brisbane

48.8%

1,760

52.2%

1,273

45.3%

1,979

Adelaide

64.6%

1,322

65.9%

1,040

62.7%

1,239

Perth

37.1%

530

37.3%

404

31.7%

542

Tasmania

52.4%

107

54.5%

99

51.5%

127

Canberra

68.3%

932

74.9%

765

62.7%

851

Combined capitals

71.7%

29,231

74.8%

19,241

67.9%

25,367

Capital city

90.0%

4,500

80.0%

4,000

70.0%

3,500

60.0%

3,000

50.0%

2,500

40.0%

2,000

30.0%

1,500

20.0%

1,000

10.0%

500

0.0% Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

0 Jun-17

Regional Region

Clearance rate (Jun Qtr '17)

Total auctions (Jun Qtr '17)

Clearance rate (Mar Qtr '17)

Total auctions (Mar Qtr '17)

Clearance rate (Jun Qtr '16)

Total auctions (Jun Qtr '16)

Hunter

65.5%

607

67.8%

463

55.3%

581

Wollongong

70.4%

478

69.5%

409

64.1%

423

Gold Coast

44.7%

770

47.8%

751

42.3%

774

Sunshine Coast

47.3%

471

52.4%

349

41.3%

517

Geelong

75.8%

581

77.6%

366

66.6%

373

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Number of auctions

Clearance rate

Weekly clearance rate and volume of auctions, combined capital cities

Capital city key statistics Northern Territory: Jun 17: 26.2% (122 auctions) Jun 16: 21.8% (117 auctions)

Brisbane: Jun 17: 48.8% (1,760 auctions) Jun 16: 45.3% (1,979 auctions)

Perth: Jun 17: 37.1% (530 auctions) Jun 16: 31.7% (542 auctions) Canberra: Jun 17: 68.3% (932 auctions) Jun 16: 62.7% (851 auctions)

Adelaide: Jun 17: 64.6% (1,322 auctions) Jun 16: 62.7% (1,239 auctions)

Melbourne: Jun 17: 75.8% (13,122 auctions) Jun 16: 70.9% (11,741 auctions)

Highest auction volumes (by suburb) Melbourne: Sydney: Brisbane: Canberra: Adelaide: Perth:

Reservoir 184 Mosman 165 Sunnybank 37 Ngunnawal 27 Norwood 33 East Perth 17

Tasmania: Jun 17: 52.4% (107 auctions) Jun 16: 51.5% (127 auctions)

Based on total auctions held across the suburb over the reporting period

Highest clearance rate (by suburb) Sydney: Melbourne: Brisbane: Canberra: Adelaide:

Double Bay 100.0% (captured results: 28, scheduled auctions: 33, number sold: 28) Tullamarine 96.2% (captured results: 26, scheduled auctions: 27, number sold: 25) Camp Hill 75.9% (captured results: 29, scheduled auctions: 31, number sold: 22) Kaleen 80.0% (captured results: 20, scheduled auctions: 22, number sold: 16) Norwood 51.7% (captured results: 29, scheduled auctions: 33, number sold: 15)

Clearance rates are calculated when there has been at least 20 auction results reported over the period

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Sydney: Jun 17:73.3% (11,458 auctions) Jun 16: 72.6% (8,888 auctions)

Capital city sub-regions (Sydney) Sydney Clearance rate (Jun Qtr '17)

Total auctions (Jun Qtr '17)

Clearance rate (Mar Qtr '17)

Total auctions (Mar Qtr '17)

Clearance rate (Jun Qtr '16)

Total auctions (Jun Qtr '16)

Central Coast

60.0%

333

67.0%

267

59.1%

262

Baulkham Hills and Hawkesbury

66.7%

366

74.8%

184

60.0%

197

Blacktown

62.7%

271

63.6%

153

59.0%

178

City and Inner South

77.1%

1,228

85.8%

689

80.5%

1,044

Eastern Suburbs

80.3%

1,157

83.5%

742

85.5%

1,104

Inner South West

72.2%

1,394

72.7%

806

65.4%

1,034

Inner West

79.2%

935

81.4%

559

74.8%

870

North Sydney and Hornsby

78.5%

1,731

84.3%

1,071

77.2%

1,380

Northern Beaches

74.7%

1,007

83.0%

704

79.6%

748

Outer South West

50.4%

160

54.8%

82

46.2%

113

Outer West and Blue Mountains

57.7%

119

58.5%

52

46.6%

86

Parramatta

67.1%

757

65.2%

456

58.0%

475

Ryde

78.1%

593

82.4%

375

74.0%

466

South West

57.7%

635

64.4%

373

54.4%

442

Sutherland

75.2%

740

81.1%

453

73.4%

483

Sub-region

Baulkham Hills & Hawkesbury

Outer West & Blue Mountains

Outer South West

Central Coast 119

1,731

Sydney sub-region summary Sydney sub-region performance over the June quarter saw clearance rates as low as 50.4% across the Outer South West region, and as high as 80.3% across the Eastern suburbs. Clearance rates fell across all but one region over the quarter, with Parramatta the only region to see an increase from the previous quarter (1.9%), however when Northern Beaches comparing results year-on-year, 12 of the 15 sub-regions saw an improvement in the North Sydney clearance rate. Although clearance rates & Hornsby have fallen over the June quarter, 8 of the Blacktown 15 sub-regions recorded clearance rates above 70%. Auction volumes over the June Ryde 2017 quarter are greater than both the Inner previous quarter, and the same time last year for all sub-regions. North Sydney and Parramatta West Hornsby was host to 660 additional auctions when compared to March 2017, making it South the busiest sub-region this quarter (1,731), Inner Eastern while the greatest increase year-on-year West South West Suburbs was across the Inner South West where an additional 360 auctions were held, making it the second busiest region this quarter (1,394). Overall, Sydney clearance rates were down compared to the March quarter City & Inner (-4.6%), although auction volumes were South significantly higher, with 4,462 more homes Sutherland taken to auction over the June 2017 quarter.

The clearance rate for this quarter is similar to what was seen at the same time last year (72.6%) although again, current volumes are much higher.

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Capital city sub-regions (Melbourne) Melbourne Clearance rate (Jun Qtr '17)

Total auctions (Jun Qtr '17)

Clearance rate (Mar Qtr '17)

Total auctions (Mar Qtr '17)

Clearance rate (Jun Qtr '16)

Total auctions (Jun Qtr '16)

Inner

71.7%

2,420

74.7%

1,649

71.6%

2,304

Inner East

75.0%

1,520

78.3%

1,080

68.4%

1,498

Inner South

74.9%

1,719

77.5%

1,326

74.1%

1,626

North East

81.7%

1,529

84.1%

884

73.4%

1,386

North West

81.0%

1,078

82.5%

613

73.6%

1,039

Outer East

79.3%

1,013

82.1%

621

74.3%

823

South East

71.9%

1,451

75.7%

841

63.5%

1,285

West

76.9%

1,768

79.1%

1,164

71.3%

1,289

Mornington Peninsula

73.1%

573

79.2%

440

70.8%

428

Sub-region

573

2,420

North West North East

West Inner

Inner East

Inner South

Outer East

South East

Mornington Peninsula

Melbourne, sub-region summary Over the June 2017 quarter, all 9 sub-regions saw an increase in both clearance rates and auction volumes when compared to June 2016. The most substantial uplift in volumes was across the West, where 479 more auctions were held. The largest increase in clearance rates year-on-year was the South East, increasing by 8.4%, followed closely by the North East, up 8.3%.

On a quarterly basis, auction volumes increased substantially, although clearance rates fell across all 9 sub-regions when compared to March 2017. Overall, Melbourne has improved when compared to this time last year, with a stronger clearance rate and greater volume of auctions, however the clearance rate has slipped from the March 2017 quarter. Š2017 CoreLogic, Inc. All rights reserved.

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Suburb results (city by city) Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Sydney

Canberra Suburb

Clearance rate (Jun Q)

Total auctions (Jun Q)

Suburb

Clearance rate (Jun Q)

Kaleen

80.0%

22

Carlton

68.2%

24

Ngunnawal

76.0%

27

Castle Hill

76.5%

85

Casula

51.7%

30

Chatswood

80.6%

69

Sydney

Total auctions (Jun Q)

Clearance rate (Jun Q)

Total auctions (Jun Q)

Cherrybrook

83.8%

41

Chester Hill

68.0%

25

Alexandria

83.3%

52

Chippendale

75.0%

24

Allambie Heights

81.8%

22

Clovelly

84.0%

33

Annandale

68.8%

38

Collaroy

80.0%

31

Arncliffe

66.7%

26

Concord

85.4%

49

Artarmon

89.7%

29

Condell Park

65.4%

29

Ashfield

76.8%

92

Coogee

77.8%

58

Auburn

62.9%

39

Cremorne

82.1%

64

Avalon Beach

59.1%

50

Cromer

68.0%

26

Balgowlah

75.8%

41

Cronulla

65.4%

95

Balmain

69.4%

52

Crows Nest

78.1%

33

Bankstown

72.9%

57

Croydon

87.9%

34

Bass Hill

60.0%

23

Croydon Park

80.0%

31

Baulkham Hills

79.1%

71

Darling Point

75.0%

27

Beacon Hill

65.0%

21

Darlinghurst

80.4%

78

Beecroft

75.0%

37

Dee Why

85.2%

89

Bellevue Hill

80.0%

67

Double Bay

100.0%

33

Belmore

50.0%

26

Drummoyne

80.8%

57

Belrose

82.6%

24

Dulwich Hill

87.2%

43

Beverly Hills

74.4%

46

Earlwood

75.0%

55

Bexley

67.3%

54

Eastlakes

85.7%

23

Blacktown

66.3%

89

Eastwood

71.4%

79

Bondi

82.1%

45

Elizabeth Bay

89.5%

49

Bondi Beach

78.6%

64

Engadine

59.5%

44

Bondi Junction

75.9%

37

Epping

76.2%

70

Bossley Park

63.0%

27

Ermington

76.0%

28

Botany

71.1%

50

Erskineville

69.8%

47

Brighton-Le-Sands

67.7%

33

Fairfield

70.4%

29

Bronte

77.8%

34

Fairfield West

56.7%

32

Burwood

70.0%

32

Fairlight

78.9%

43

Cabramatta

40.0%

23

Five Dock

81.6%

41

Cammeray

79.5%

45

Frenchs Forest

62.5%

44

Camperdown

77.5%

43

Freshwater

81.1%

44

Campsie

73.3%

33

Georges Hall

78.6%

28

Canley Heights

43.6%

43

Gladesville

73.2%

43

Caringbah

72.7%

49

Glebe

75.8%

36

Caringbah South

75.6%

53

Gordon

76.0%

29

Carlingford

80.4%

51

Green Valley

68.2%

24

Suburb

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Suburb results (city by city) Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Sydney

Sydney

Clearance rate (Jun Q)

Total auctions (Jun Q)

Clearance rate (Jun Q)

Total auctions (Jun Q)

Greenacre

65.2%

52

Neutral Bay

85.7%

65

Greenwich

87.0%

25

Newport

76.7%

52

Greystanes Guildford

60.6%

35

Newtown

86.5%

77

48.7%

44

Normanhurst

85.7%

21

Gymea

76.9%

28

North Bondi

81.8%

55

Gymea Bay

76.0%

27

North Ryde

93.3%

33

Hillsdale

95.5%

27

North Sydney

73.3%

32

Hinchinbrook

52.4%

22

North Willoughby

83.3%

25

Hornsby

73.0%

41

Northbridge

82.8%

30

Hunters Hill

85.2%

32

Oatley

77.8%

46

Hurstville

57.1%

33

Paddington

81.5%

105

Illawong

73.3%

35

Padstow

90.9%

38

Kellyville

42.9%

47

Panania

82.9%

43

Kensington

81.6%

39

Parramatta

72.1%

46

Killara

66.7%

62

Peakhurst

66.7%

36

Kingsford

81.0%

22

Penshurst

68.8%

33

Kingsgrove

71.4%

43

Petersham

85.7%

32

Kirrawee

70.8%

24

Picnic Point

70.4%

30

Kogarah

75.8%

39

Potts Point

66.7%

45

Lane Cove

83.6%

66

Pymble

79.6%

64

Lane Cove North

86.0%

63

Pyrmont

78.0%

47

Leichhardt

82.4%

94

Queenscliff

58.3%

27

Lidcombe

76.2%

23

Randwick

85.2%

132

Lilyfield

79.3%

35

Redfern

79.2%

55

Lindfield

81.5%

35

Revesby

71.0%

36

Liverpool

61.8%

47

Rockdale

78.0%

46

Lurnea

90.5%

21

Rose Bay

94.6%

45

Manly

80.3%

86

Rosebery

69.2%

34

Manly Vale

84.6%

27

Roselands

87.1%

34

Maroubra

73.1%

84

Roseville

74.3%

45

Marrickville

81.9%

103

Rozelle

81.6%

44

Marsfield

88.9%

53

Russell Lea

82.6%

24

Mascot

84.6%

47

Ryde

79.7%

74

Matraville

63.9%

38

Sans Souci

61.3%

33

Menai

84.4%

37

Seaforth

75.0%

31

Merrylands

66.7%

55

Seven Hills

68.2%

23

Miranda

80.7%

61

Smithfield

69.2%

30

Mona Vale

58.3%

32

St Ives

77.2%

99

Mortdale

80.6%

37

Stanmore

75.0%

31

Mosman

77.5%

165

Strathfield

75.9%

62

Naremburn

82.1%

30

Surry Hills

73.5%

82

Narrabeen

75.7%

41

Sutherland

90.5%

26

Narraweena

80.0%

20

Sylvania

69.7%

37

Suburb

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Suburb

Suburb results (city by city) Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Melbourne

Sydney

Clearance rate (Jun Q)

Total auctions (Jun Q)

Altona

88.5%

27

23

Altona North

89.2%

40

79.6%

56

Armadale

77.8%

46

71.4%

24

Ascot Vale

74.1%

57

Vaucluse

88.9%

48

Ashburton

78.6%

28

Wahroonga

66.0%

60

Ashwood

76.5%

37

Wamberal

66.7%

23

Aspendale

70.8%

24

Waterloo

48.4%

36

Avondale Heights

88.9%

36

Waverton

85.0%

22

Balaclava

69.6%

26

67.8%

63

Suburb

Clearance rate (Jun Q)

Total auctions (Jun Q)

Terrigal

65.0%

22

Thornleigh

81.8%

Turramurra Ultimo

Suburb

Wentworthville

70.8%

26

Balwyn

West Pennant Hills

66.7%

27

Balwyn North

61.2%

91

West Pymble

72.0%

28

Bayswater

79.5%

42

West Ryde

71.9%

35

Beaumaris

68.2%

45

Willoughby

95.5%

29

Bentleigh

66.2%

74

Winston Hills

70.8%

25

Bentleigh East

78.1%

107

Wollstonecraft

77.8%

39

Berwick

61.9%

45

Woollahra

87.2%

49

Black Rock

64.3%

29

Woolooware

70.0%

24

Blackburn

69.1%

55

Yagoona

70.0%

42

Blackburn North

70.4%

28

Blackburn South

78.1%

37

Boronia

81.0%

51

Box Hill

81.5%

30

Brisbane Suburb

Clearance rate (Jun Q)

Total auctions (Jun Q)

Box Hill North

83.9%

64

Bardon

42.9%

30

Box Hill South

76.0%

25

Camp Hill

75.9%

31

Braybrook

78.1%

34

Coorparoo

73.9%

28

Brighton

64.5%

133

Eight Mile Plains

68.2%

23

Brighton East

66.3%

82

New Farm

33.3%

24

Broadmeadows

72.9%

55

Sunnybank

53.8%

26

Brunswick

70.9%

111

Sunnybank Hills

45.7%

37

Brunswick East

75.9%

59

Taringa

52.4%

22

Brunswick West

73.8%

63

Bulleen

75.0%

42

Bundoora

82.6%

89

Burwood

79.4%

67

Burwood East

80.6%

38

Cairnlea

63.6%

24

Camberwell

77.2%

86

Canterbury

65.4%

28

Adelaide Suburb

Clearance rate (Jun Q)

Total auctions (Jun Q)

Norwood

51.7%

33

Melbourne Clearance rate (Jun Q)

Total auctions (Jun Q)

Carlton

42.9%

33

Abbotsford

71.0%

37

Carlton North

90.9%

23

Airport West

78.1%

35

Carnegie

72.9%

77

Albert Park

70.7%

42

Caroline Springs

70.3%

41

Albion

82.6%

23

Carrum

72.7%

22

Suburb

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Suburb results (city by city) Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Melbourne

Melbourne

Clearance rate (Jun Q)

Total auctions (Jun Q)

Clearance rate (Jun Q)

Total auctions (Jun Q)

Carrum Downs

71.9%

33

Glen Huntly

88.5%

31

Caulfield

81.0%

24

Glen Iris

81.3%

93

Caulfield North Caulfield South

83.0%

62

Glen Waverley

66.1%

180

79.5%

51

Glenroy

73.1%

95

Chadstone

70.3%

42

Greensborough

81.5%

66

Chelsea

80.0%

32

Greenvale

76.9%

53

Cheltenham

82.4%

86

Hampton

83.1%

59

Clayton

62.0%

55

Hampton East

78.3%

25

Clayton South

75.0%

39

Hawthorn

67.7%

114

Clifton Hill

85.7%

29

Hawthorn East

76.3%

63

Coburg

83.5%

98

Heathmont

88.9%

27

Coburg North

78.6%

30

Heidelberg

80.6%

32

Collingwood

80.0%

42

Heidelberg Heights

81.4%

46

Craigieburn

85.5%

172

Heidelberg West

88.0%

25

Croydon

78.4%

76

Highett

74.1%

64

Dandenong

66.2%

80

Hillside

84.8%

47

Dandenong North

68.2%

70

Hoppers Crossing

83.3%

125

Deer Park

75.0%

30

Hughesdale

81.8%

24

Diamond Creek

85.7%

24

Ivanhoe

75.0%

46

Dingley Village

86.0%

44

Keilor Downs

89.3%

30

Doncaster

73.1%

71

Keilor East

87.8%

51

Doncaster East

85.2%

113

Kensington

86.4%

62

Donvale

75.8%

37

Kew

75.7%

121

Doveton

78.3%

23

Kew East

76.0%

25

Dromana

53.8%

26

Keysborough

53.7%

59

Edithvale

57.6%

35

Lalor

78.4%

90

Elsternwick

84.4%

52

Macleod

84.8%

33

Eltham

86.0%

50

Maidstone

64.7%

37

Eltham North

81.8%

25

Malvern

62.3%

62

Elwood

73.3%

107

Malvern East

81.8%

67

Endeavour Hills

66.7%

30

Maribyrnong

74.1%

67

Epping

88.9%

133

Mckinnon

73.1%

26

Essendon

68.0%

107

Melbourne

50.0%

87

Fawkner

84.6%

53

Melton

92.0%

25

Ferntree Gully

86.0%

55

Melton South

96.0%

29

Fitzroy

74.5%

49

Mentone

89.6%

50

Fitzroy North

79.5%

46

Mernda

83.9%

34

Flemington

76.5%

34

Middle Park

64.0%

25

Footscray

68.6%

57

Mill Park

87.8%

103

Forest Hill

79.5%

42

Mitcham

70.8%

68

Frankston

89.6%

73

Mont Albert

81.0%

23

Frankston South

83.3%

31

Mont Albert North

62.9%

35

Gladstone Park

88.9%

36

Montmorency

82.9%

38

Suburb

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Suburb

Suburb results (city by city) Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Melbourne

Melbourne

Clearance rate (Jun Q)

Total auctions (Jun Q)

South Morang

81.8%

80

21

South Yarra

59.8%

123

73.9%

23

Southbank

37.0%

31

67.5%

41

Springvale

63.2%

64

Mornington

67.3%

55

St Albans

67.6%

155

Mount Eliza

63.6%

23

St Kilda

71.6%

116

Mount Waverley

74.5%

150

St Kilda East

78.4%

59

Mulgrave

82.9%

71

St Kilda West

76.2%

22

Murrumbeena

77.1%

50

Strathmore

67.9%

29

Narre Warren

71.4%

37

Sunbury

80.6%

37

Narre Warren South

77.3%

25

Sunshine

78.0%

52

Newport

80.6%

66

Sunshine North

63.2%

41

Niddrie

67.9%

28

Sunshine West

71.1%

46

Noble Park

72.2%

85

Surrey Hills

76.2%

69

North Melbourne

74.4%

42

Sydenham

85.7%

22

Northcote

67.1%

90

Tarneit

69.2%

42

Nunawading

70.0%

45

Taylors Hill

77.4%

31

Oak Park

91.2%

38

Taylors Lakes

86.1%

40

Oakleigh

75.0%

27

Templestowe

73.5%

51

Oakleigh South

89.7%

32

Templestowe Lower

72.7%

57

Ormond

78.6%

28

Thomastown

88.2%

69

Pakenham

83.3%

35

Thornbury

78.2%

82

Parkdale

81.5%

55

Toorak

72.9%

81

Pascoe Vale

76.9%

97

Tootgarook

65.0%

24

Pascoe Vale South

77.8%

29

Tullamarine

96.2%

27

Point Cook

79.5%

41

Vermont

80.0%

31

Port Melbourne

75.0%

98

Vermont South

68.6%

35

Prahran

69.3%

80

Viewbank

73.9%

23

Preston

77.4%

131

Wantirna

95.9%

53

Reservoir

80.3%

184

Wantirna South

83.1%

68

Richmond

69.0%

120

Werribee

78.1%

103

Ringwood

72.9%

64

West Footscray

77.3%

48

Ringwood East

89.7%

43

West Melbourne

71.4%

22

Ringwood North

70.8%

25

Westmeadows

81.5%

28

Rosanna

74.1%

28

Wheelers Hill

75.5%

57

Rosebud

74.5%

53

Williamstown

88.6%

47

Rowville

78.8%

55

Windsor

71.9%

37

Roxburgh Park

77.1%

52

Wollert

69.0%

44

Rye

63.9%

37

Wyndham Vale

68.6%

36

Sandringham

73.2%

43

Yarraville

77.9%

70

Seaford

87.0%

49

Seddon

82.6%

27

South Melbourne

70.4%

58

Clearance rate (Jun Q)

Total auctions (Jun Q)

Moonee Ponds

65.7%

71

Moorabbin

80.0%

Mooroolbark Mordialloc

Suburb

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Suburb

Methodology note Each week CoreLogic collects the most comprehensive set of auction results available in Australia. Thank you to our vast network of real estate professionals who assist us with aggregating these results. On average, CoreLogic collects approximately 90% of auction results each week with final results released each Thursday.

A cleared auction refers to those properties that were either successfully auctioned on the day, sold before the auction or sold after the auction. Properties which are sold after the auction must be reported to CoreLogic by three days after the week has ended to be included in the clearance rate. Auctions that pass in or are withdrawn are counted as unsuccessful auctions.

Clearance rates are calculated across properties that have been taken to auction over the past week. The auction statistics presented in this report are calculated on a weekly basis and have been rolled up into quarterly reporting as per the below time frames.

June 2017 quarter: based on results from 27 March 2017 to 25 June 2017 March 2017 quarter: based on results from 2 January 2017 to 26 March 2017 June 2016 quarter: based on results from 28 March 2016 to 26 June 2016 Auction clearance rates at a suburb level will only be displayed when at least 20 results were reported to CoreLogic over the reporting period.

Click here for details on how to submit your auction results.

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About CoreLogic CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.

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Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a particular segment of the market. Through a series of rules and logic, CoreLogic has flagged the likely ownership type of every residential property nationally as either owner occupied, investor owned or government owned.

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Disclaimers In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information.

Queensland Data Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2017. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.

South Australian Data This information is based on data supplied by the South Australian Government and is published by permission.

The South Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability for any purpose of the published information or the underlying data.

New South Wales Data Contains property sales information provided under licence from the Land and Property Information (“LPI”).

CoreLogic is authorised as a Property Sales Information provider by the LPI. Victorian Data The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Western Australian Data Based on information provided by and with the permission of the Western Australian Land Information Authority (2017) trading as Landgate.

Australian Capital Territory Data The Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 Canberra ACT 2601.

Tasmanian Data This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents: a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and b) do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.

Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au

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