Cleared Auction Numbers on the Rise

15/10/2009

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
Adelaide	71.9%	67	64	11	33	2	16	2
Brisbane	46.2%	71	65	10	17	3	31	4
Canberra	89.5%	47	38	4	30	0	4	0
Melbourne	80.9%	678	606	121	366	3	116	0
Perth	36.4%	24	22	3	4	1	13	1
Sydney	72.6%	410	361	109	148	5	78	21
Tasmania	70.0%	13	10	2	5	0	3	0