Auction Clearance Rates 24/25 Nov 2012

By Reporter 29 November 2012 | 1 minute read

Auction clearance rates remained strong over the weekend, with capital cities way above the results from the same time last year, and the big auction capitals seeing success over last week's performances.

According to Australian Property Monitors (APM), 59.7% cleared in Sydney over the weekend, compared to 58.3 per cent the week before. This trend was repeated in Melbourne, up to 65.1 per cent compared to 62.1 per cent the week prior.

Less properties were up for auction in Melbourne, however, with 896 compared to 909 previously. However, 573 properties went to auction compared to 539 before.

Adelaide and Brisbane recorded a clearance rate of 43.6 and 22.2 per cent respectively, showing dips on previous results, but with steady numbers going to auction.

Comparative Auction Clearance Rates

For detailed APM house price reports, visit www.homepriceguide.com.au

 

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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.



Auction Clearance Rates 24/25 Nov 2012
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