Auction clearance rates – mixed results

Given its the end of the big auction weekends for the year ,with only a few auctions scheduled for next weekend,  let’s see how the 2 big auction capitals fared today according to Australian Property Monitors

Melbourne property market stood up well with a respectable outcome at 72% considering the large number of properties for sale and the fact that the last 6 weeks have had the most properties on auction in Melbourne’s auction history.

While Sydney had a healthy 76% clearance rate according to APM, the harbour city is exhibiting the common end of year downward trend in auction results:

Property AUction results 14th December 2013Looking around the country…

Property AUction results 14th December 2013_2



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