By Robert Carry

Tasmania's weekly real estate auction clearance rate has more than halved from 61.5% to 28.6%, a new report has found.

According to RP Data figures released today, just four of the 14 properties put up for public auction in Tasmania in the week to 25 October secured a buyer.

Perth also suffered a considerable drop, moving from 50% to 30.8% over the same period. However, this is a relatively small decline from the 36.4% clearance rate seen in Perth the week previous.

Sydney, which showed a moderate increase in clearance rates from 72.6% to 73.1%, was the only other capital to record a growth rate in the week to 18 October.

Canberra rallied to 87.8% after suffering the most significant decline in the week to 18 October. Brisbane's rate dropped moderately from 44.6% to 43.1%, The Northern Territory settled at 50% while Melbourne's clearance rate went from 80.9% to 81.2%.  Adelaide' clearance rate also enjoyed a moderate increase, rising from 66.7% to 71.2%.

 

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