Powered by MOMENTUM MEDIA
realestatebusiness logo
Home of the REB Top 100 Agents

Auction numbers low, clearance rates high

By Simon Parker
24 December 2012 | 9 minute read

Staff Reporter

Auctions numbers may have been modest on Saturday, yet most of those that took the plunge achieved a result.

In Sydney, the auction clearance rate hit 71.7 per cent, according to Australian Property Monitors (APM). The strong result was based on 44 reported auctions.

==
==

This was well up on the 53.4 per cent clearance rate recorded on the Saturday earlier.

In Melbourne, the clearance rate was a more modest 54.3 per cent, based on 74 auctions. This was lower than the 60.1 per cent result posted the Saturday earlier.

Less than 10 auctions were recorded in each of Brisbane and Adelaide on the weekend.

Do you have an industry update?
Subscribe
Subscribe to REB logo Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.