Auctions Clearances Today Were Hot

According to APM PriceFinder, more than 1,130 properties were listed for auction today, and the national clearance rate was 73.7%, compared with 64.5% last week. So the market is still hot, at least in some areas. In contract, 12 months ago, there were 1,320 listed and 74.9% cleared. But there is further evidence of the two speed property market. Melbourne let the way with 532 listed and 75.7% cleared, with Sydney just slightly behind. In contrast, Brisbane had just 93 listing, with a 39% clearance, whilst Adelaide listed 50 properties, and achieved a 78% clearance.

Auctions-09-Jul-2016--2 Auctions-09-Jul-2016--1

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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