Auction Clearance Rates Week Ending February 12, 2012
Capital city auction markets saw their volumes increase further last week with 750 auctions. Across the combined capital cities, auction clearance rates increased to 48.6% last week from 41.8% the previous week. In Melbourne, the clearance rate was recorded at 57.4% last week across 300 auctions, with the clearance rate increasing from 42.5% the previous week. Sydney’s auction clearance rate was recorded at 47.4% last week, down from 62.5% the previous week. Sydney had just 204 auctions last week.
Regards,
Agent Advice Team
RP Data
Source: www.rpdata.com.au
