15 Oct 2009

Cleared Auction Numbers on the Rise

The total number of cleared real estate auctions has increased in all but one of Australia’s capital cities, new figures from RP Data have revealed.

Only Brisbane, in which the number of cleared auctions dropped slightly from 33 in the week to 4 October to 30 in the week ending 11 October, registered any decrease.

The biggest movers were Adelaide, which saw real estate auction clearance numbers increase from 29 to 46 over the same period, Canberra, which leapt from 12 to 32 and Melbourne which saw a rise of 418 to 490. Sydney, Tasmania and Perth meanwhile, saw only minor increases.

City

Clearance Rate

Total Auctions

RP Data Auction Results

Sold Prior to Auction

Sold at Acution

Sold After Auction

Passed In

W/drawn

Adelaide 71.9% 67 64 11 33 2 16 2
Brisbane 46.2% 71 65 10 17 3 31 4
Canberra 89.5% 47 38 4 30 0 4 0
Melbourne 80.9% 678 606 121 366 3 116 0
Perth 36.4% 24 22 3 4 1 13 1
Sydney 72.6% 410 361 109 148 5 78 21
Tasmania 70.0% 13 10 2 5 0 3 0
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