Auction Clearance Rates 24/25 Nov 2012
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.
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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.
For detailed APM house price reports, visit www.homepriceguide.com.au
