Auction Wrap Up – 16 April 2016
National
Saturday recorded a slightly lower clearance rate compared to the previous weekend with a national clearance rate of 70.6 per cent compared to 71.6 per cent. In addition when compared to the previous year the clearance rate is also lower with 77.6 per cent recorded in April 2015.
The number of properties listed is slightly lower with 1,407 listings on Saturday compared to 1,430 listings the previous weekend.
Melbourne
Melbourne continues its trend of recording the highest clearance rate of all capital cities with a clearance rate of 76.2 per cent reorded on Saturday, only 0.01 percentage point lower than last week.
The number of properties listed however, increased by 46 properties compared to last week to a total of 748 properties.
Sydney
Sydney continues to have declining clearance rates with only 67.7 per cent of properties cleared on Saturday, 2.6 percentage points lower than the previous week making it the third consecutive week of clearance rate decline.
Further decline can be noticed with only 345 properties listed on Satuday compared with 523 properties listed on the previous Saturday and 538 properties listed on the first Saturday of April.
Note
It is worth noting that a direct weekly comparison to April 2015 is difficult to make as April 2015 had 4 Saturdays compared to 5 in April 2016. ANZAC day also fell on the last Saturday of April 2015 making comparison to April 2015 even more troublesome.
* Saturday’s auction clearance rates are preliminary.
Odi Reuveni / Research Manager / PriceFinder
Auction Clearance Rates
Week ending 16th April 2016
View Auction Results Buy Auction Data SeriesBrisbane
Based on 61 reported auction results out of 108 listed auctions.
Sydney
Based on 229 reported auction results out of 360 listed auctions.
Melbourne
Based on 613 reported auction results out of 780 listed auctions.
Adelaide
Based on 30 reported auction results out of 70 listed auctions.
Auction Activity
Week ending 16th April 2016
Brisbane
There were 108 Auctions in Brisbane this weekend.
Sydney
There were 360 Auctions in Sydney this weekend.
Melbourne
There were 780 Auctions in Melbourne this weekend.
Adelaide
There were 70 Auctions in Adelaide this weekend.
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