first_imgAuctioneer Haesley Cush in action. Image: AAP/Claudia Baxter.COORPAROO has been named Brisbane’s auction capital, with homes more likely to sell under the hammer there than in any other suburb.New figures reveal 55 per cent of homes sell at auction in the popular inner-city suburb — significantly higher than the overall clearance rate for Brisbane of 49 per cent.Sunnybank Hills had the highest number of homes taken to auction during the March quarter, with 28 auctions held and a 40 per cent of those selling under the hammer, according to CoreLogic’s latest Quarterly Auction Market Review. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Houses in the suburb of Coorparoo, which has the highest auction clearance rate in Brisbane.CoreLogic senior research analyst Cameron Kusher admitted it was “not a particularly strong result” for the Queensland capital.“Brisbane still isn’t a very auction-centric market,” Mr Kusher said. “And it’s really only worthwhile (going to auction) if you’ve got a unique property offering because it’s hard to gauge how much demand there will be.” BRISBANE CRACKS TOP 100 LIST HAMPTONS IN BRISBANE INSIDE SAMANTHA RILEY’S NEW HOME The combined capital city auction clearance rate increased to 64.6 per cent over the March quarter, up from 62.3 per cent over the December quarter.Clearance rates increased across all cities except Perth and Hobart.Melbourne recorded the highest clearance rate at 68.4 per cent, up from 68.1 per cent the previous quarter, followed by Canberra at 67.9 per cent. More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago Auction clearance rates across all capital cities rose in the March quarter. Image: AAP/Lukas Coch.But compared to the same time a year ago, capital city auction success rates have fallen more than 10 per cent, while auction volumes have increased.After Sydney and Melbourne, Brisbane was host to the highest volume of auctions over the March quarter, with 1247 homes going under the hammer.Auction volumes fell across all regions except the Gold Coast, but it also recorded the lowest clearance rate.CAPITAL CITY AUCTION CLEARANCE RATESSydney 63.6% (7,755 auctions)Melbourne 68.4% (9,488 auctions)Brisbane 49% (1,247 auctions)Adelaide 65.7% (961 auctions)Perth 34.7% (374 auctions)Tasmania 51 % (68 auctions)Canberra 67.9% (808 auctions)Combined capitals 64.6 % (20,701 auctions)(Source: CoreLogic)last_img

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