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 |