Auctions Wrap – 30th May 2015

Strong auction volumes for the last weekend in May set the scene for a busy June

Weekly Overview

In another strong Saturday Sydney’s auction clearance rate of 87.4 per cent and Melbourne’s 82.8 per cent beat last week’s results. However, the figure is expected to be revised down by approximately 3 per cent for Sydney and 3.5 per cent for Melbourne as more results arrive.

Nationally, he number of auction listings rose by 7 per cent from last week but remained below that of the last Saturday in May 2014. A lower number of listings is expected for the first weekend in June, while the two following Saturdays are shaping up to match May’s levels.

Auction Clearance Rates

Week ending 30th May 2015

View Auction Results Buy Auction Data Series
60%

Brisbane

Based on 85 reported auction results out of 141 listed auctions.

87%

Sydney

Based on 657 reported auction results out of 853 listed auctions.

83%

Melbourne

Based on 876 reported auction results out of 1098 listed auctions.

83%

Adelaide

Based on 22 reported auction results out of 56 listed auctions.

Auction Activity

Week ending 30th May 2015

108

Brisbane

There were 141 Auctions in Brisbane this weekend.

853

Sydney

There were 853 Auctions in Sydney this weekend.

1098

Melbourne

There were 1098 Auctions in Melbourne this weekend.

65

Adelaide

There were 56 Auctions in Adelaide this weekend.

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