Home Loan Repayment

By Robert Carry

The number of Perth properties sold at auction last week leapt to 56.3% from 38.7% in the previous week, new statistics from RP Data have shown.

Clearance rates were up in a number of states across Australia in what was a strong week for auction houses. The Northern Territory led the pack, rising from 40% to 66.7%.

According to the figures released today, Tasmania also saw an improvement in clearance rates, going from 40% to 54.5%. More modest rises were seen in Melbourne and Brisbane - going from 79.7% to 80.7% and 49.0% to 50.5% respectively.

There were minor declines for Sydney and Adelaide this week while Canberra slipped significantly from 89.4% to 75.5%.

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