Auction results significantly up from last year

Auction results significantly up from last year

13 May 2013 by Staff Reporter 0 comments

Staff Reporter

Auction clearance rates across the capitals fell slightly over the weekend, however they are significantly higher than this time last year.

According to RP Data’s Weekend Market Summary, the combined capital city auction clearance rate was recorded at 67.5 per cent, slightly weaker than the final auction clearance rate of 67.7 per cent the previous week.

Auction volumes were also lower, down from 1,749 last week to 1,545 this week.

Across Melbourne, the clearance rate increased from 70.4 per cent the previous week to 72.3 per cent this week, with 784 auctions held in the city.

In Sydney, clearance rates remained strong, however, they dropped slightly from 72.7 per cent the previous week to 71.0 per cent this week. There were 506 auctions held across the city.

Brisbane’s performance slipped a little, with the clearance rate dropping from 43.6 to 43.1 per cent, and auction numbers were down by a little over 20 per cent.

However, at the same time last year, national auction clearance rates were recorded at a significantly lower 54.1 per cent.

Staff Reporter

Auction clearance rates across the capitals fell slightly over the weekend, however they are significantly higher than this time last year.

According to RP Data’s Weekend Market Summary, the combined capital city auction clearance rate was recorded at 67.5 per cent, slightly weaker than the final auction clearance rate of 67.7 per cent the previous week.

Auction volumes were also lower, down from 1,749 last week to 1,545 this week.

Across Melbourne, the clearance rate increased from 70.4 per cent the previous week to 72.3 per cent this week, with 784 auctions held in the city.

In Sydney, clearance rates remained strong, however, they dropped slightly from 72.7 per cent the previous week to 71.0 per cent this week. There were 506 auctions held across the city.

Brisbane’s performance slipped a little, with the clearance rate dropping from 43.6 to 43.1 per cent, and auction numbers were down by a little over 20 per cent.

However, at the same time last year, national auction clearance rates were recorded at a significantly lower 54.1 per cent.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, 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
REVEALED: The 10 best agents in Australia for 2017

For the first time ever, the top 10 agents in the REB Top 100 Agents ranking are revealed in this exclusive podcast. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
Do you have an industry update?