Ensure you never miss an issue of the
real estate business bulletin
Auction activity up, but not for long

Auction activity up, but not for long

by Reporter 0 comments

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.

 

 

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Auction activity up, but not for long
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?