Auctions gain interest as Perth continues to grow
 
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Auctions gain interest as Perth continues to grow

By Staff Reporter

Auction clearance rates in PerthPerth, TAS Perth, WA have reached 54 per cent as properties in the area continue to climb in value, according to Raine&Horne.

Figures from RP Data-Rismark show that homes in the city climbed by one per cent in May, making it the only capital city in the nation to register positive growth.

The city’s auction clearance rates have now pushed it above those of Brisbane and Canberra, indicating that selling by auction is gaining traction in Perth.

Raine&Horne’s Western Australia state manager, Phil Hayes, said interest in auctions is rapidly rising.

“Our offices are reporting a surge in auctions in recent months, as WA homeowners turn to auctions as a tried and true method of achieving the best price for their homes,” said Mr Hayes.

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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BERKELEY VALE 46.03%
2.
EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
Auctions gain interest as Perth continues to grow
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