Auction Update

Numbers rise dramatically Clearance rates over 70% Canberra rocks Last week The final weighted average clearance rate came in at 72.7% last week as volumes rose across the combined capital cities. This week and weekend Auction activity across the combined capital cities is set to rise, with the...

Melbourne wins on numbers Sydney tops clearance Promising signs in Brisbane Auction markets are continuing to show strength as both the number of auctions and auction clearance rates trend higher. There were 2,446 homes taken to auction across the combined capital cities this week, returning a...

Melbourne over 1,000 auctions Sydney improves on last week and last year Canberra returns the biggest clearance Last week Last week, as auction volumes rose so too did the combined capital city final auction clearance rate, coming in with a 73.3% success rate across 1,596 auctions...

Buyers ‘re-engage’ Confidence takes a boost Preliminary results around 80% Auction markets have shown a strong result on higher volumes, with preliminary clearance rates around the 80% mark across the largest auction markets as the number of properties taken to auction tracking well above levels...

Melbourne auctions up by 56% Smaller capitals slow marginally Nationally numbers and clearance is up Last week Last week, the weighted average clearance rate improved across higher volumes week-on-week, with 67.7% of the 1,167 capital city homes taken to auction returning a successful result.  Over the...

Sydney is the busiest capital Melbourne trails Sydney in numbers and clearance Brisbane sluggish results Capital city auction activity ramped up after the expected seasonal slowdown, with 1,122 properties taking to auction this week. This volume is almost double last week’s 625 auctions. The higher...

Auction market is back in business Numbers double in Sydney and Melbourne Will buyers respond? Last week Last week there were 625 capital city homes taken to auction returning a final auction clearance rate of 61%, lower than what we were seeing over the second half...

One of the reasons some buyers and sellers do not like auctions is because they have been given inaccurate information like having to bid unconditionally and keeping on the 30/60/90 terms or the rights of the seller to refuse an offer in the auction. These...

We have told you that before bidding on an auction, you should always be familiar with the methods of the auctioneer, who will be conducting the auction at the property you want to buy. Cate Bakos – buyers' agent in Melbourne – shares the things...

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