Auction activity up, but not for long

Auction activity up, but not for long

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Staff Reporter

Auction activity improved moderately in Australia over the weekend, new data has revealed.

According to Australian Property Monitors, more than 65 per cent of all properties cleared in Melbourne at the weekend – slightly better than the 60 per cent recorded this time last week.

The result in Sydney was much the same.

The capital city managed to clear 60.1 per cent of all properties – up from the 54.6 per cent last weekend.

But despite the improved result, fewer properties were listed for auction – a trend that is set to continue as we head into the cooler months, according to APM's chief economist Andrew Wilson

Mr Wilson said winter is traditionally a quiet time of year for auctions.

 

 

Staff Reporter

Auction activity improved moderately in Australia over the weekend, new data has revealed.

According to Australian Property Monitors, more than 65 per cent of all properties cleared in Melbourne at the weekend – slightly better than the 60 per cent recorded this time last week.

The result in Sydney was much the same.

The capital city managed to clear 60.1 per cent of all properties – up from the 54.6 per cent last weekend.

But despite the improved result, fewer properties were listed for auction – a trend that is set to continue as we head into the cooler months, according to APM's chief economist Andrew Wilson

Mr Wilson said winter is traditionally a quiet time of year for auctions.

 

 

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