Perth clearance rates buck national trend

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By Robert Carry

Perth's real estate auction clearance rate has climbed from 36.4% to 50% in the past week, new figures have shown.

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.

RP Data's figures revealed that all other capital cities witnessed clearance rate declines with Canberra suffering the most dramatic fall - from an impressive 89.5% to 78.9%. Brisbane's rate dropped moderately from 46.2% to 44.6%, Tasmania went from 70% to 61.5%, Melbourne declined to 78.2% from 80.9% and Adelaide fell from the previous week's high of 71.9% to 66.7%.

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