Ensure you never miss an issue of the
real estate business bulletin
Auction numbers decline over weekend

Auction numbers decline over weekend

by Reporter 0 comments

Staff Reporter

The number of auctions declined in most major capitals on the weekend, and clearance rates remained flat, Australian Property Monitors reported today.

In Melbourne, 229 properties were listed for auction over the weekend – down 29.9 per cent when compared to the previous weekend.

The story was much the same in Sydney, with the number of properties listed for auction falling 31.1 per cent to 199, down from last weekend’s 315 listings.

Clearance rates also remained flat.

In Sydney and Melbourne, clearance rates continued to struggle over the weekend with only 56.2 per cent and 58.1 per cent of properties selling, respectively.

In Brisbane, only 21 per cent of properties sold, or three of 13. Adelaide’s results were even worse, with only three of 16, or 17 per cent, of reported auctions selling.

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 numbers decline over weekend
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
The keys to success for a career in real estate

AREC 2018 is a two-day event held at the end of May on the Gold Coast. This annual event offers unique insights and ideas from some of the m...

View all podcasts

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

Yes
No
Perhaps - make me an offer
Do you have an industry update?