corelogic quarterly auction market review · auctions over the quarter, with an additional 88 homes...

CoreLogic Quarterly

Auction Market

ReviewSeptember 2017

Released October 2017

©2017 CoreLogic, Inc. All rights reserved.

Proprietary & Confidential

The clearance rate across the combined capital city auction market fell to 67.8% over the September

2017 quarter, down from 71.7% over the June quarter.

On a quarterly basis, clearance rates fell across the larger auction markets, with Sydney down -6.5 per cent to

66.8 per cent, and Melbourne down -3.1 per cent to 72.6 per cent, while clearance rates also fell across

Brisbane (-2.3 per cent) and Adelaide (-1.5 per cent). Clearance rates improved across the smaller markets,

with Tasmania recording the largest increase in clearance rates over the September quarter, up 13.2 per cent

to 65.6 per cent, followed by Perth, up 6.3 per cent to 43.4 per cent, while Canberra increased by 2.8 per cent

to 71.1 per cent. Overall, the combined capital city clearance rate for the September quarter is lower on both a

quarterly and annual basis.

Looking at auction volumes across the combined capital cities, there were 1,278 fewer homes taken to auction

over the September quarter when compared to June 2017. Brisbane was the only capital city to see an

increase in auctions over the quarter, with an additional 88 homes taken to auction. Although the number of

auctions held across the combined capital cities fell over the quarter, auction activity is 26.4 per cent higher

than the same time last year, with 27,953 homes taken to auction over the September 2017 quarter, up from

22,119 in September 2016.

Auction market review highlights

Capital city auction clearance rate & volumes

Sydney 66.8 % (10,575 auctions)

Melbourne 72.6 % (13,063 auctions)

Brisbane 46.5 % (1,848 auctions)

Adelaide 63.1 % (1,095 auctions)

Perth 43.4 % (474 auctions)

Tasmania 65.6 % (76 auctions)

Canberra 71.1 % (822 auctions)

Combined capitals 67.8 % (27,953 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: Reservoir 244

Sydney: Randwick 131

Brisbane: Sunnybank Hills 55

Canberra: Kambah 25

Adelaide: Norwood & Rostrevor 21

Perth: Morley 11

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

Melbourne: Airport West 97.0% (captured results: 33, scheduled auctions: 35, number sold: 32)

Sydney: Clovelly 93.3% (captured results: 30, scheduled auctions: 32, number sold: 28)

Canberra: Kambah 82.6% (captured results: 23, scheduled auctions: 25, number sold: 19)

Brisbane: Runcorn 63.6% (captured results: 22, scheduled auctions: 26, number sold: 14)

Across the non-capital city markets monitored by CoreLogic, the Sunshine Coast (up 2.6 per cent) and

Geelong (up 2.3 per cent) were the only regions to see an increase in the auction clearance rate over the

September quarter. The biggest fall was seen across Wollongong, where the clearance rate fell -14.4 per cent

from 70.4 per cent over the June quarter, to 56.1 per cent over the September quarter. Clearance rates across

the Hunter region remained relatively stable, down just -0.6 per cent over the quarter, while the Gold Coast

clearance rate fell -5.6 per cent to 39.1 per cent. Auction volumes fell across all but one of the regional markets

over the September quarter, with the Sunshine Coast the only place to see an increase in activity, hosting an

additional 73 auctions. Compared to this time last year, Geelong saw a significant increase in auction activity

with 501 auctions held this quarter, 154 more than September 2016.

Overview



Region

Clearance

rate

(Sep Qtr '17)

Total

auctions

(Sep Qtr '17)

Clearance

rate

(Jun Qtr '17)

Total

auctions

(Jun Qtr '17)

Clearance

rate

(Sep Qtr '16)

Total

auctions

(Sep Qtr '16)

Hunter 64.8% 515 65.5% 607 60.3% 510

Wollongong 56.1% 417 70.4% 478 72.0% 425

Gold Coast 39.1% 677 44.7% 770 49.5% 681

Sunshine Coast 49.9% 544 47.3% 471 45.3% 497

Geelong 78.1% 501 75.8% 581 72.3% 347

Regional

Capital city

Clearance

rate

(Sep Qtr '17)

Total

auctions

(Sep Qtr '17)

Clearance

rate

(Jun Qtr '17)

Total

auctions

(Jun Qtr '17)

Clearance

rate

(Sep Qtr '16)

Total

auctions

(Sep Qtr '16)

Sydney 66.8% 10,575 73.3% 11,458 79.1% 8,249

Melbourne 72.6% 13,063 75.8% 13,122 76.2% 9,932

Brisbane 46.5% 1,848 48.8% 1,760 48.3% 1,633

Adelaide 63.1% 1,095 64.6% 1,322 67.8% 1,056

Perth 43.4% 474 37.1% 530 34.7% 423

Tasmania 65.6% 76 52.4% 107 37.5% 82

Canberra 71.1% 822 68.3% 932 70.6% 744

Combined capitals 67.8% 27,953 71.7% 29,231 73.7% 22,119

Capital City

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

Oct-12 Apr-13 Oct-13 Apr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Apr-17 Oct-17

Nu

mb

er

of

au

cti

on

s

Cle

ara

nc

e r

ate

Quarterly summary, capital cities

On a quarterly basis, clearance rates fell across the larger auction markets, with Sydney down -6.5 per cent to 66.8

per cent, and Melbourne down -3.1 per cent to 72.6 per cent, while clearance rates also fell across Brisbane (-2.3

per cent) and Adelaide (-1.5 per cent). Clearance rates improved across the smaller markets, with Tasmania

recording the largest increase in clearance rates over the September quarter, up 13.2 per cent to 65.6 per cent,

followed by Perth, up 6.3 per cent to 43.4 per cent, while Canberra increased by 2.8 per cent to 71.1 per cent.

Overall, the combined capital city clearance rate for the September quarter is lower on both a quarterly and annual

basis.

Looking at auction volumes across the combined capital cities, there were 1,278 fewer homes taken to auction over

the September quarter when compared to June 2017. Brisbane was the only capital city to see an increase in

auctions over the quarter, with an additional 88 homes taken to auction. Although the number of auctions held

across the combined capital cities fell over the quarter, auction activity is 26.4 per cent higher than the same time

last year, with 27,953 homes taken to auction over the September 2017 quarter, up from 22,119 in September 2016.

Capital city & major regional markets

Weekly clearance rate and volume of auctions, combined capital cities



Capital city key statistics

Brisbane:

Sep 17: 46.5% (1,848 auctions)

Sep 16: 48.3% (1,633 auctions)

Sydney:

Sep 17:66.8%

(10,575 auctions)

Sep 16: 79.1%

(8,249 auctions)Canberra:

Sep 17: 71.1% (822 auctions)

Sep 16: 70.6% (744 auctions)

Tasmania:

Sep 17: 65.6% (76 auctions)


Melbourne:

Sep 17: 72.6%

(13,063 auctions)

Sep 16: 76.2%

(9,932 auctions)

Adelaide:

Sep 17: 63.1% (1,095 auctions)

Sep 16: 67.8% (1,056 auctions)

Perth:

Sep 17: 43.4% (474 auctions)

Sep 16: 34.7% (423 auctions)

Highest clearance rate (by suburb)

Melbourne: Airport West 97.0% (captured results: 33, scheduled auctions: 35, number sold: 32)

Sydney: Clovelly 93.3% (captured results: 30, scheduled auctions: 32, number sold: 28)

Canberra: Kambah 82.6% (captured results: 23, scheduled auctions: 25, number sold: 19)

Brisbane: Runcorn 63.6% (captured results: 22, scheduled auctions: 26, number sold: 14)

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

Highest auction volumes (by suburb)

Melbourne: Reservoir 244

Sydney: Randwick 131

Brisbane: Sunnybank Hills 55

Canberra: Kambah 25

Adelaide: Norwood & Rostrevor 21

Perth: Morley 11

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

Northern Territory:

Sep 17: 36.7% (114 auctions)




Sub-region

Clearance

rate

(Sep Qtr '17)

Total

auctions

(Sep Qtr '17)

Clearance

rate

(Jun Qtr '17)

Total

auctions

(Jun Qtr '17)

Clearance

rate

(Sep Qtr '16)

Total

auctions

(Sep Qtr '16)

Central Coast 59.5% 358 60.0% 333 65.6% 251

Baulkham Hills and Hawkesbury 61.8% 337 66.7% 366 78.1% 220

Blacktown 58.7% 275 62.7% 271 69.3% 161

City and Inner South 70.0% 1,107 77.1% 1,228 80.6% 959

Eastern Suburbs 78.3% 1,067 80.3% 1,157 87.1% 972

Inner South West 64.1% 1,243 72.2% 1,394 72.6% 902

Inner West 69.5% 849 79.2% 935 84.2% 687

North Sydney and Hornsby 71.1% 1,573 78.5% 1,731 84.0% 1,317

Northern Beaches 72.3% 964 74.7% 1,007 84.2% 728

Outer South West 44.5% 120 50.4% 160 51.8% 99

Outer West and Blue Mountains 57.5% 94 57.7% 119 73.3% 71

Parramatta 59.3% 737 67.1% 757 69.7% 480

Ryde 68.2% 547 78.1% 593 81.8% 463

South West 51.8% 598 57.7% 635 65.3% 402

Sutherland 65.7% 678 75.2% 740 78.6% 512

Sydney

Capital city sub-regions (Sydney)

Sydney sub-region summary

The performance across Sydney’s sub-

regions over the September quarter saw

clearance rates as high as 78.3 per cent

across the Eastern Suburbs, and as low as

44.5 per cent across the Outer South West.

Clearance rates were down on a quarterly

basis across all 15 sub-regions, with the

greatest fall recorded in Ryde, where the

clearance rate has fallen -9.9 per cent to 68.2

per cent. Interestingly, 6 of the 15 sub-

regions had clearance rates below 60 per

cent this quarter, compared to 3 over the

June quarter and just 1 over the September

2016 quarter. Just 3 of the sub-regions

recorded clearance rates above 70 per cent

this quarter, compared to 8 the previous

quarter and 10 over the same quarter last

year. Despite lower clearance rates, auction

volumes have increased across all sub-

regions when compared to this time last year,

with the largest increase seen across the

Inner South West region, where an additional

341 homes were up for auction this quarter.

Although auction volumes have increased

year-on-year, volumes have fallen over the

last quarter across all but two sub-regions.

North Sydney and Hornsby was the busiest

sub-region again this quarter with 1,573

homes taken to auction. Overall, the

clearance rate for Sydney fell -6.5 per cent to

66.8 per cent over the September quarter,

while there were 883 fewer homes taken to

auction across the city. Current volumes in

Sydney are higher than this time last year,

while the clearance rate is -12.2 per cent

lower than it was over the September 2016

quarter.

94 1,573Central CoastBaulkham Hills

& Hawkesbury

Northern

Beaches

North Sydney

& HornsbyBlacktown

Outer West &

Blue Mountains

Outer South West

South

West

Sutherland

Inner

South West

Parramatta

Ryde

Eastern

Suburbs

City & Inner

South

Inner

West



Sub-region

Clearance

rate

(Sep Qtr '17)

Total

auctions

(Sep Qtr '17)

Clearance

rate

(Jun Qtr '17)

Total

auctions

(Jun Qtr '17)

Clearance

rate

(Sep Qtr '16)

Total

auctions

(Sep Qtr '16)

Inner 68.8% 2,328 71.7% 2,420 74.7% 1,892

Inner East 67.1% 1,451 75.0% 1,520 72.6% 1,152

Inner South 73.2% 1,608 74.9% 1,719 80.6% 1,409

North East 76.6% 1,555 81.7% 1,529 78.5% 1,239

North West 79.2% 1,163 81.0% 1,078 79.1% 867

Outer East 78.2% 989 79.3% 1,013 77.2% 746

South East 72.1% 1,416 71.9% 1,451 73.7% 1,017

West 71.4% 1,998 76.9% 1,768 75.3% 1,191

Mornington Peninsula 73.2% 518 73.1% 573 75.8% 382

Melbourne

Capital city sub-regions (Melbourne)

Melbourne, sub-region summary

Over the September 2017 quarter, clearance rates fell across 7 of the 9 sub-regions, with clearance rates across the South East and

the Mornington Peninsula remaining fairly consistent, increasing by just 0.2 per cent and 0.1 per cent respectively. Auction volumes

increased across 3 Melbourne sub-regions over the quarter with the most substantial increase across the West, where an extra 230

homes were taken to auction when compared to the June quarter. Year-on-year, auction volumes have increased across all 9 sub-

regions, while the West once again saw the largest increase in volumes, increasing by 807 auctions when compared to this time last

year. Overall, while Melbourne has the highest rate of clearance of all capital cities this quarter (72.6 per cent), the clearance rate has

fallen when compared to both last quarter (75.8 per cent) and this time last year (76.2 per cent).

North WestNorth East

Outer East

South East

Mornington

Peninsula

West InnerInner East

Inner

South

518 2,328



SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Cherrybrook 76.7% 32

Clovelly 93.3% 32

Collaroy 63.6% 38

Concord 62.5% 46

Condell Park 66.7% 24

Coogee 78.7% 55

Cremorne 82.5% 62

Cronulla 64.8% 99

Crows Nest 76.0% 27

Croydon 71.4% 23

Croydon Park 79.5% 42

Darling Point 90.5% 28

Darlinghurst 66.7% 58

Dee Why 75.3% 94

Double Bay 82.6% 25

Drummoyne 60.5% 46

Dulwich Hill 85.3% 39

Earlwood 59.5% 43

Eastwood 55.6% 54

Elizabeth Bay 73.1% 36

Engadine 72.7% 23

Epping 58.5% 65

Ermington 54.5% 38

Erskineville 71.1% 40

Fairfield 44.4% 32

Fairlight 74.1% 29

Five Dock 69.2% 28

Frenchs Forest 88.0% 27

Freshwater 71.1% 41

Georges Hall 55.9% 37

Gladesville 63.4% 44

Glebe 67.9% 29

Gordon 68.0% 30

Greenacre 54.4% 62

Greystanes 51.9% 28

Guildford 54.1% 39

Gymea 72.0% 31

Hornsby 78.8% 34

Hunters Hill 72.0% 28

Hurstville 65.5% 31

Kellyville 63.2% 41

Kensington 68.4% 49

Killara 62.5% 29

Kingsford 85.0% 24

Sydney

SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Abbotsford 73.9% 24

Alexandria 74.0% 55

Annandale 75.0% 41

Artarmon 72.7% 37

Ashfield 70.8% 67

Auburn 56.8% 40

Avalon Beach 69.0% 52

Balgowlah 70.5% 46

Balmain 67.6% 42

Bankstown 65.8% 44

Bateau Bay 50.0% 27

Baulkham Hills 70.1% 73

Beecroft 55.6% 31

Belfield 60.0% 22

Bellevue Hill 75.8% 49

Belmore 72.7% 24

Beverly Hills 67.9% 29

Bexley 64.3% 46

Blacktown 56.5% 99

Bondi 78.9% 44

Bondi Beach 78.0% 61

Bondi Junction 82.9% 46

Bossley Park 63.3% 31

Botany 70.3% 44

Brighton-Le-Sands 61.9% 23

Bronte 74.1% 29

Burwood 76.3% 44

Cabramatta 64.0% 26

Cammeray 81.3% 35

Camperdown 69.2% 40

Canley Vale 42.9% 22

Caringbah 55.6% 49

Caringbah South 59.3% 58

Carlingford 59.6% 55

Carlton 78.3% 25

Castle Hill 63.5% 89

Casula 34.8% 23

Chatswood 70.7% 65

Sydney

SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Kambah 82.6% 25

Nicholls 72.7% 23

Canberra

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.



SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Potts Point 73.5% 40

Pymble 60.4% 60

Pyrmont 81.4% 49

Randwick 85.0% 131

Redfern 65.5% 58

Revesby 70.3% 42

Rockdale 72.7% 24

Rose Bay 78.8% 40

Rosebery 58.3% 29

Roselands 58.6% 32

Roseville 72.0% 31

Rozelle 70.0% 37

Ryde 66.7% 81

Sans Souci 59.3% 30

Seaforth 70.4% 30

Seven Hills 51.9% 28

Smithfield 61.5% 27

St Ives 65.2% 84

St Leonards 70.0% 25

Stanmore 81.3% 33

Strathfield 72.9% 51

Summer Hill 78.3% 26

Surry Hills 65.4% 89

Sutherland 62.1% 29

Sydney 70.8% 30

Sylvania 68.0% 29

Terrigal 73.9% 25

Thornleigh 39.1% 24

Turramurra 71.4% 61

Vaucluse 80.6% 41

Wahroonga 58.8% 67

Waterloo 63.3% 35

Waverley 80.0% 22

West Pennant Hills 54.2% 28

West Pymble 60.6% 37

West Ryde 75.9% 32

Willoughby 75.0% 36

Wollstonecraft 80.4% 60

Woollahra 81.1% 40

Yagoona 75.6% 46

Sydney

SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Kingsgrove 63.3% 31

Kirrawee 77.3% 23

Kogarah 70.0% 21

Lane Cove 71.4% 63

Lane Cove North 78.9% 62

Leichhardt 71.4% 47

Lidcombe 67.5% 43

Lilyfield 61.5% 27

Lindfield 73.3% 39

Liverpool 62.5% 35

Manly 75.0% 104

Manly Vale 80.0% 28

Maroubra 74.2% 93

Marrickville 74.0% 78

Marsfield 93.0% 45

Mascot 55.0% 48

Matraville 80.0% 32

Menai 84.0% 27

Merrylands 60.0% 37

Miranda 51.0% 54

Mona Vale 56.7% 53

Monterey 61.9% 22

Moorebank 35.0% 21

Mortdale 69.0% 32

Mosman 71.1% 129

Naremburn 58.1% 33

Narrabeen 77.5% 50

Neutral Bay 85.5% 60

Newport 52.5% 57

Newtown 71.6% 80

North Bondi 85.7% 42

North Rocks 63.6% 23

North Ryde 80.0% 40

North Sydney 71.4% 31

Oatley 68.3% 41

Oyster Bay 77.3% 23

Paddington 74.2% 71

Padstow 68.4% 43

Panania 85.7% 29

Parramatta 57.9% 41

Peakhurst 61.5% 27

Pennant Hills 42.9% 29

Penshurst 76.9% 27

Petersham 65.5% 32

Sydney





SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Brighton East 75.0% 61

Broadmeadows 85.7% 69

Brunswick 70.2% 113

Brunswick East 72.7% 61

Brunswick West 70.9% 59

Bulleen 62.1% 31

Bundoora 78.8% 89

Burwood 68.8% 54

Burwood East 76.7% 32

Cairnlea 50.0% 23

Camberwell 65.4% 84

Canterbury 70.6% 37

Carlton 54.1% 41

Carnegie 77.9% 94

Caroline Springs 71.0% 33

Carrum 75.0% 20

Carrum Downs 83.3% 25

Caulfield North 70.2% 68

Caulfield South 72.9% 58

Chadstone 72.0% 53

Chelsea 83.3% 24

Cheltenham 81.1% 78

Clayton 77.5% 44

Clayton South 84.4% 40

Clifton Hill 85.0% 22

Coburg 70.5% 101

Coburg North 86.7% 30

Collingwood 86.2% 31

Craigieburn 80.0% 164

Croydon 75.0% 79

Dandenong 54.7% 58

Dandenong North 76.9% 57

Deer Park 60.9% 48

Diamond Creek 77.3% 24

Dingley Village 85.3% 34

Doncaster 55.8% 57

Doncaster East 68.9% 95

Donvale 77.8% 29

Doveton 68.0% 26

Dromana 63.6% 35

East Melbourne 63.6% 26

Edithvale 69.2% 28

Elsternwick 84.8% 36

Eltham 84.1% 45

Melbourne



SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Bardon 46.4% 36

Calamvale 50.0% 30

Coorparoo 45.5% 24

Eight Mile Plains 48.4% 31

Paddington 57.1% 36

Runcorn 63.6% 26

Sunnybank 36.4% 22

Sunnybank Hills 46.3% 55

Wynnum 45.7% 36

Brisbane

SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Abbotsford 56.3% 35

Aberfeldie 71.4% 21

Airport West 97.0% 35

Albert Park 63.0% 28

Altona 74.1% 56

Altona Meadows 96.3% 28

Altona North 76.6% 54

Armadale 73.1% 54

Ascot Vale 78.0% 64

Ashburton 75.0% 30

Ashwood 83.3% 25

Aspendale 52.2% 23

Avondale Heights 71.4% 30

Balaclava 59.4% 37

Balwyn 66.7% 57

Balwyn North 57.5% 80

Bayswater 85.3% 38

Beaumaris 72.1% 44

Bentleigh 61.4% 73

Bentleigh East 69.2% 116

Berwick 73.9% 47

Black Rock 68.0% 28

Blackburn 65.3% 54

Blackburn North 76.5% 38

Blackburn South 80.6% 33

Boronia 77.8% 57

Box Hill 70.0% 34

Box Hill North 66.7% 59

Box Hill South 72.7% 45

Braybrook 68.8% 32

Brighton 70.0% 96

Melbourne



SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Knoxfield 78.1% 36

Lalor 89.7% 82

Macleod 93.8% 33

Maidstone 69.8% 57

Malvern 61.5% 43

Malvern East 67.2% 72

Maribyrnong 63.6% 63

Mckinnon 81.0% 24

Meadow Heights 88.2% 36

Melbourne 56.3% 74

Melton 73.9% 23

Melton South 93.5% 32

Melton West 84.0% 26

Mentone 83.6% 56

Mernda 88.2% 35

Mill Park 79.8% 102

Mitcham 87.0% 60

Mont Albert 81.0% 25

Mont Albert North 67.9% 31

Montmorency 74.3% 37

Moonee Ponds 73.4% 70

Mooroolbark 60.0% 27

Mordialloc 66.7% 41

Mornington 79.4% 37

Mount Waverley 74.2% 163

Mulgrave 79.6% 56

Murrumbeena 82.1% 41

Narre Warren 89.3% 31

Narre Warren South 75.0% 26

Newport 73.5% 77

Niddrie 80.8% 29

Noble Park 62.5% 75

North Melbourne 64.9% 63

Northcote 71.9% 95

Nunawading 82.1% 40

Oak Park 75.9% 29

Oakleigh 64.5% 35

Oakleigh South 77.8% 39

Ormond 72.2% 40

Pakenham 75.7% 40

Parkdale 65.9% 46

Parkville 23.8% 29

Pascoe Vale 77.0% 103

Pascoe Vale South 63.0% 28

Melbourne

SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Eltham North 90.5% 22

Elwood 63.5% 96

Endeavour Hills 88.0% 51

Epping 79.8% 113

Essendon 68.9% 74

Fairfield 68.2% 24

Fawkner 72.4% 33

Ferntree Gully 81.0% 73

Fitzroy 72.7% 45

Fitzroy North 83.8% 39

Flemington 83.3% 26

Footscray 60.0% 79

Forest Hill 72.5% 40

Frankston 72.6% 101

Frankston South 77.8% 39

Gladstone Park 73.1% 26

Glen Huntly 80.0% 28

Glen Iris 72.2% 99

Glen Waverley 65.2% 145

Glenroy 76.7% 93

Greensborough 79.7% 72

Greenvale 72.5% 53

Hadfield 81.0% 22

Hampton 75.0% 46

Hampton East 65.0% 21

Hawthorn 65.9% 91

Hawthorn East 70.0% 62

Heathmont 83.8% 38

Heidelberg 70.8% 25

Heidelberg Heights 71.0% 31

Heidelberg West 76.9% 26

Highett 81.8% 57

Hillside 71.4% 46

Hoppers Crossing 75.9% 137

Hughesdale 75.0% 21

Ivanhoe 63.4% 43

Keilor Downs 72.0% 27

Keilor East 84.6% 53

Kensington 79.1% 52

Kew 69.0% 125

Kew East 52.9% 35

Keysborough 67.9% 62

Kings Park 61.5% 27

Kingsville 65.2% 23

Melbourne





SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Point Cook 77.2% 57

Port Melbourne 72.7% 94

Prahran 74.6% 79

Preston 67.0% 106

Reservoir 73.3% 244

Richmond 66.7% 150

Ringwood 73.1% 55

Ringwood East 76.5% 35

Ringwood North 81.0% 22

Rosanna 74.2% 31

Rosebud 66.0% 53

Rowville 76.5% 56

Roxburgh Park 86.3% 56

Rye 73.7% 40

Sandringham 76.3% 41

Seaford 81.8% 47

Seddon 72.7% 25

South Melbourne 52.0% 51

South Morang 69.9% 75

South Yarra 66.7% 119

Springvale 58.3% 40

Springvale South 45.5% 26

St Albans 65.6% 138

St Kilda 69.9% 106

St Kilda East 80.6% 72

Strathmore 62.1% 34

Sunbury 77.9% 81

Sunshine 63.4% 44

Sunshine North 73.7% 41

Sunshine West 63.8% 60

Surrey Hills 68.4% 58

Sydenham 87.0% 27

Tarneit 76.8% 64

Taylors Hill 89.7% 32

Taylors Lakes 71.4% 38

Templestowe 53.8% 53

Templestowe Lower 56.8% 49

Thomastown 77.2% 80

Thornbury 71.9% 67

Toorak 75.9% 65

Truganina 59.1% 24

Tullamarine 86.8% 41

Vermont 71.9% 34

Vermont South 65.4% 27

Melbourne



SuburbClearance

rate (Sep Q)

Total

auctions (Sep Q)

Viewbank 80.0% 21

Wantirna 79.5% 42

Wantirna South 84.6% 61

Watsonia 92.6% 27

Werribee 77.6% 123

West Footscray 76.0% 53

West Melbourne 85.7% 23

Westmeadows 78.8% 35

Wheelers Hill 72.9% 62

Williamstown 58.3% 57

Windsor 71.0% 34

Wollert 64.2% 57

Wyndham Vale 76.1% 49

Yarraville 58.8% 73

Melbourne



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.

September 2017 quarter:

based on results from 26 June 2017 to 1 October 2017

June 2017 quarter:

based on results from 27 March 2017 to 25 June 2017

September 2016 quarter:

based on results from 27 June 2016 to 25 September 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.

Methodology note

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

http://www.corelogic.com.au/recentsales/submit-sales.html



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.

With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics

and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance,

developers, wealth management and government. CoreLogic delivers value to clients through unique data,

analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and

manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across

Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au

Granular Data and Analytics Driving Growth in your Business

CoreLogic produces an advanced suite of housing market analytics that provides key insights for understanding

housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and

benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry

professionals valuable modules which provide essential analytics and insights for decision making and strategy

formation within the residential property asset class. We can tailor reports to suit your business requirements. Call

us on 1300 734 318 or email us at [email protected] or visit us at www.corelogic.com.au

Market Scorecard: Monitor and measure performance of an individual office or a Franchise brand month on month

through a detailed view of the Real Estate Listing and Sales market share across Australia. With the ability to gather

market share statistics within your active market this product is designed to identify the completing brands and

independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and

market hotspots allowing you to view the performance of the established offices in these new areas of interest.

Market Trends: Detailed housing market indicators down to the suburb level, with data in time series or snapshot

delivered monthly. CoreLogic’s Market Trends data is segmented across houses and units. The Market Trends data

includes key housing market metrics such as median prices, median values, transaction volumes, rental statistics,

vendor metrics such as average selling time and vendor discounting rates.

CoreLogic Indices: The suite of CoreLogic indices range from simple market measurements such as median

prices through to repeat sales indices and our flagship hedonic home value indices. The CoreLogic RP Data index

has been specifically designed to track the value of a portfolio of properties over time and is relied upon by

Australian regulators and industry as the most up to date and accurate measurement of housing market

performance.

Economist Pack: A suite of indices and indicators designed specifically for Australian economic commentators who

require the most up to date and detailed view of housing market conditions. The economist pack includes the

CoreLogic hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total

return index, auction clearance rates and median prices.

Investor Concentration Report: Understanding ownership concentrations is an important part of assessing risk.

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.

Mortgage Market Trend Report: CoreLogic is in a unique position to monitor mortgage related housing market

activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage

market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy.

http://www.corelogic.com.au/



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

corelogic quarterly auction market review · auctions over the quarter, with an additional 88 homes...

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