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Auctions strong in 2014

By Staff Reporter
17 December 2014 | 1 minute read

Australia’s property auction clearance rates for 2014 are set to exceed last year's figures, according to CoreLogic RP Data.

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With one week to go in 2014, the average clearance rate for capital cities is sitting at 68 per cent, compared with 66.2 per cent in 2013.

Adelaide is likely to outdo all the capitals, with its clearance rate expected to rise 5.5 per cent to 62 per cent. 

An increase of 4.3 per cent is predicted for Brisbane, which is expected to post a rate of 45.8 per cent. Canberra is tipped to climb 3.5 per cent to 55.8 per cent, and Sydney by 1.8 per cent, to 74.5 per cent.

Figures are down for just two cities, although Melbourne is expected to show a solid result of 68.6 per cent, 0.6 per cent lower than in 2013. Perth is set to record a lower clearance rate for 2014 than the previous year – down 5.3 per cent to 41.2 per cent.

 

Auctions strong in 2014
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