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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

Adelaide71.9%676411332162
Brisbane46.2%716510173314
Canberra89.5%4738430040
Melbourne80.9%67860612136631160
Perth36.4%2422341131
Sydney72.6%41036110914857821
Tasmania70.0%131025030
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