Auction Wrap Up – 23 April 2016

National

Saturday recorded a preliminary clearance rate of 70.5%, only slightly lower than the preliminary clearance rate for last week of 70.6%.

The number of properties listed however is much lower with 1,094 properties listed compared to 1,407 listings on the prevoius weekend. This reduction in listings is due to the ANZAC day long weekend as seen in previous years where ANZAC day Saturday has been the 23rd of April.

Melbourne

Melbourne continued to record the highest clearance rate of all capital cities with 74.7 per cent of properties cleared, despite a 1.5 percentage point fall in the clearance rate.

The fall in the number of properties listed was in line with what occured at national level. A total of 494 properties were listed on Saturday, down 254 properties compared to last week.

Sydney

Sydney broke its three week decline with a preliminary clearance rate of 71.2% per cent. This placed the clearance rate 3.5 percentage points above what was the preliminary recording for sydney last week, making this clearance rate the highest the city has seen since February.

Sydney has also gone against the natiopnal trend and listed more properties for auction this week, with 426 listings compared to the previous Saturday’s 345 listings.

* Saturday’s auction clearance rates are preliminary.

 

Auction Clearance Rates

Week ending 23rd April 2016

View Auction Results Buy Auction Data Series
35%

Brisbane

Based on 39 reported auction results out of 73 listed auctions.

71%

Sydney

Based on 297 reported auction results out of 426 listed auctions.

75%

Melbourne

Based on 361 reported auction results out of 494 listed auctions.

57%

Adelaide

Based on 30 reported auction results out of 72 listed auctions.

Auction Activity

Week ending 23rd April 2016

73

Brisbane

There were 73 Auctions in Brisbane this weekend.

426

Sydney

There were 426 Auctions in Sydney this weekend.

494

Melbourne

There were 494 Auctions in Melbourne this weekend.

62

Adelaide

There were 62 Auctions in Adelaide this weekend.

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