Auction Clearance Rates 8th December 2012

13 DEC 2012 • By Reporter • 1 min read • Hotspots

Sydney and Melbourne clearance rates were strong over Saturday, according to recent data from Australian Property Monitors (APM).

According to APM, both Sydney and Melbourne saw auction clearance rates in the sixtieth percentile (at 61.7 per cent and 65.3 per cent respectively), showing strong results compared to the slow down in the week prior.

Adelaide and Brisbane recorded a clearance rate of 36 and 30 per cent respectively.

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RELATED TERMS

Auction

An auction is a public event for the sale of assets and property to the highest bidder among a group of buyers.

Rates

Rates refer to a fixed price or an amount charged by sellers or providers for their goods and services.